By: VHFA

April 12, 2010

henry cisnerosGranted, Vermont isn't Boston, but a recent story in the Boston Globe shows people in Boston who move distances in search of affordable housing often sacrifice those savings in higher transportation costs.

The story, based on a study from the Urban Land Institute, a Washington, D.C., research group, quotes Henry Cisneros (pictured), Secretary of Housing and Urban Development in the Clinton administration and an institute board member:

“What we have too frequently thought is that you can get an affordable house if you drive until you qualify, but if you then overlay the costs of transportation, they get very high."

Read the full story online.