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    Location Affordability Index

    • covington-data-covingtonky.hub.arcgis.com
    • cgs-topics-lincolninstitute.hub.arcgis.com
    • +6more
    Updated Dec 21, 2021
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    ToddSink9 (2021). Location Affordability Index [Dataset]. https://covington-data-covingtonky.hub.arcgis.com/items/25ebb7b5406a467a94f7ff0cfc18b0a6
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    Dataset updated
    Dec 21, 2021
    Dataset authored and provided by
    ToddSink9
    Description

    There is more to housing affordability than the rent or mortgage you pay. Transportation costs are the second-biggest budget item for most families, but it can be difficult for people to fully factor transportation costs into decisions about where to live and work. The Location Affordability Index (LAI) is a user-friendly source of standardized data at the neighborhood (census tract) level on combined housing and transportation costs to help consumers, policymakers, and developers make more informed decisions about where to live, work, and invest. Compare eight household profiles (see table below) —which vary by household income, size, and number of commuters—and see the impact of the built environment on affordability in a given location while holding household demographics constant.*$11,880 for a single person household in 2016 according to US Dept. of Health and Human Services: https://aspe.hhs.gov/computations-2016-poverty-guidelinesThis layer is symbolized by the percentage of housing and transportation costs as a percentage of income for the Median-Income Family profile, but the costs as a percentage of income for all household profiles are listed in the pop-up:Variables used in HUD's calculations include 24 measures such as people per household, average number of rooms per housing unit, monthly housing costs (mortgage/rent as well as utility and maintenance expenses), average number of cars per household, median commute distance, vehicle miles traveled per year, percent of trips taken on transit, street connectivity and walkability (measured by block density), and many more.To learn more about the Location Affordability Index (v.3) visit: https://www.hudexchange.info/programs/location-affordability-index/. There you will find some background and an FAQ page, which includes the question:Date of Coverage: 2012-2016 Date Released: March 2019Date Downloaded from HUD Open Data: 12/18/21Further Documentation:LAI Version 3 Data and MethodologyLAI Version 3 Technical Documentation

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Click to copy link
Link copied
Close
Cite
ToddSink9 (2021). Location Affordability Index [Dataset]. https://covington-data-covingtonky.hub.arcgis.com/items/25ebb7b5406a467a94f7ff0cfc18b0a6

Location Affordability Index

Explore at:
199 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
Dec 21, 2021
Dataset authored and provided by
ToddSink9
Description

There is more to housing affordability than the rent or mortgage you pay. Transportation costs are the second-biggest budget item for most families, but it can be difficult for people to fully factor transportation costs into decisions about where to live and work. The Location Affordability Index (LAI) is a user-friendly source of standardized data at the neighborhood (census tract) level on combined housing and transportation costs to help consumers, policymakers, and developers make more informed decisions about where to live, work, and invest. Compare eight household profiles (see table below) —which vary by household income, size, and number of commuters—and see the impact of the built environment on affordability in a given location while holding household demographics constant.*$11,880 for a single person household in 2016 according to US Dept. of Health and Human Services: https://aspe.hhs.gov/computations-2016-poverty-guidelinesThis layer is symbolized by the percentage of housing and transportation costs as a percentage of income for the Median-Income Family profile, but the costs as a percentage of income for all household profiles are listed in the pop-up:Variables used in HUD's calculations include 24 measures such as people per household, average number of rooms per housing unit, monthly housing costs (mortgage/rent as well as utility and maintenance expenses), average number of cars per household, median commute distance, vehicle miles traveled per year, percent of trips taken on transit, street connectivity and walkability (measured by block density), and many more.To learn more about the Location Affordability Index (v.3) visit: https://www.hudexchange.info/programs/location-affordability-index/. There you will find some background and an FAQ page, which includes the question:Date of Coverage: 2012-2016 Date Released: March 2019Date Downloaded from HUD Open Data: 12/18/21Further Documentation:LAI Version 3 Data and MethodologyLAI Version 3 Technical Documentation

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