Housing and Transit: A Match Made in Carbon Cutting Heaven
California’s cap-and-trade program funds affordable housing that helps residents get where they need to go without getting in a car.
November 6, 2017
California has just announced a third round of funding, of $255 million, for a program that tackles two critical situations at once: the state’s affordable housing crisis and the dangers of global warming. The funding comes from the state’s carbon cap-and-trade auction revenues.
Affordable housing developers are used to thinking about energy efficiency and renewable energy as ways to reduce housing costs and reliance on fossil fuels, but the California funding program puts transportation and cutting greenhouse gas emissions at the top of the list.