Transit again

In a recent podcast of the Smart City radio program, a researcher from the National Housing Institute, Alan Mallach, discussed a new report he recently published on the factors that help revitalize neighborhoods. The way it is done, he says, is to increase the demand for housing, and that is accomplished by adding or changing neighborhood features that make it desirable. The number one factor: adding a light rail station. This feature will change a neighborhood more quickly than anything else. He cited two examples, such as the increase in development that has happened in East Los Angeles after they announced a new light rail line to the area. Transit is part of neighborhood amenities, one of six factors that affect the housing market. The entire report is available in .pdf format here.