Sustainability, Community, ValueSustainability, Community, Value3

Criteria

41

Transportation Choices = Affordability

• Housing located close to public transit is convenient and holds value

• Steepest value declines and the highest foreclosure rates in auto-dependent areas

• Areas with transportation choices, including walkability, held their value

41-44

Housing34%

Transportation 17%

Insurance, Pension, 11%

Food, 13%

Healthcare, 6%

Entertainment, 6%

Apparel 4%

All Other, 17%

U.S. Bureau of Labor Statistics, Consumer Expenditure Survey, published 2009, www.bls.gov

Where Does the Money Go?Average Household Expenditures

42

Housing + Transportation Index

• http://htaindex.cnt.org• Interactive mapping tool• Average percentage of

income spent on housing plus transportation for cities, towns, and neighborhoods across the country

• Benchmark = 47%

44

Development

• Away from the traditional city center consuming rural and agricultural space

• Growing realization that a car-dependent way of life is expensive, inconvenient, and ultimately unsustainable

44-45

New Urbanism

Principles:•Developing urban infill•Promoting mixed-use community design •Efficient intermodal transportation systems•Encouraging walkability•Redeveloping greyfield and brownfield sites

Also known as smart growth

46

Form-Based Codes

• Traditional zoning codes focus on separating land uses

• Form-based building codes focus on how buildings relate to each other and shape the public spaces

46

Walkability• Ultimate zero-emissions

community• Connect places and people• Foster a sense of

community• Improve property values• WalkScore.com—every

point on the scale increases home value by $700–$3,000

48

Complete Streets

• Meet the needs of all users or all ages

• Low-speed routes, simplified intersections, reduced visual clutter, and separation between traffic and walkways and bike paths

• Reduce accidents, promote physical activity and walkability,

• Enhance property values

49

Partnership for Sustainable Communities

• Provide more transportation choices

• Promote equitable, affordable housing

• Enhance economic competitiveness

• Support existing communities• Coordinate and leverage

federal policies and investment

• Value communities and neighborhoods

49-50

LEED-ND

Imagine the positive impact on a community’s property values of LEED ND certification?

50-51

Opportunities for the Real Estate Professional

• Opinion Leader• Information Source• Networker• Green MLS Supporter• Influencer• Market Leader

51-52