Curbing Sprawl With 'Smart Commute'

Fannie Mae's "Smart Commute" mortgage program offers incentives for homeowners that use mass transit.

1 minute read

September 26, 2002, 7:00 AM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech

"It's getting better near the bus. Hoping to ease traffic and revive older suburbs, Fannie Mae is offering bigger mortgages to people who buy homes near train stations and bus stops, and agree to limits on how many cars they can own. Reporter Beatrice Black reports on a plan that may be hitting major cities soon." [Streaming Audio, fast forward audio clip by 7 minutes.]

Thanks to Abhijeet Chavan

FULL STORY: Marketplace

Wednesday, September 25, 2002 in National Public Radio

Housing United States

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