REDUCTION OF TRANSPORTATION REQUIREMENTS THROUGH HOME MORTGAGE SUBSIDIES.

Research output: Contribution to journalArticle

Abstract

This paper presents the second phase of research at Princeton University examining the potential of mortgage subsidies to encourage people to live closer to work, thus reducing work trip vehicle-miles-traveled (VMT) and automobile-related energy consumption, pollution, and congestion. This paper presents analysis of the effect of a mortgage subsidy program at Princeton University, which currently (1982) offers a 10 one-half % home mortgage to eligible University employees who buy a home within an eight-mile radius of the campus. The primary research tool was an in-depth survey of housing and transportation information administered to employees of Princeton University and to three nearby employers. The results of this survey offer firm evidence that the mortgage subsidy has resulted in shorter work trips, less work trip VMT, and less work trip gasoline consumption, compared to similar employees at other nearby firms.

Original languageEnglish (US)
Pages (from-to)119-158
Number of pages40
JournalJournal of Advanced Transportation
Volume17
Issue number2
StatePublished - Jan 1 1983

All Science Journal Classification (ASJC) codes

  • Automotive Engineering
  • Economics and Econometrics
  • Mechanical Engineering
  • Computer Science Applications
  • Strategy and Management

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