REDUCTION OF TRANSPORTATION REQUIREMENTS THROUGH HOME MORTGAGE SUBSIDIES

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.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/5121625
• Corporate Authors:

  Institute for Transportation, Incorporated

  1410 Duke University Road
  Durham, NC  United States  27705
• Authors:
  • Ash, T
  • Kornhauser, A L
• Publication Date: 1983

Media Info

• Features: References;
• Pagination: p. 119-158
• Serial:
  • Journal of Advanced Transportation
  • Volume: 17
  • Issue Number: 2
  • Publisher: John Wiley & Sons, Incorporated
  • ISSN: 0197-6729
  • EISSN: 2042-3195
  • Serial URL: http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)2042-3195
• Publication flags:

  Open Access (libre)

Subject/Index Terms

• TRT Terms: Economics; Energy conservation; Land use; Management; Subsidies; Transportation; Universities and colleges; Vehicle miles of travel; Work trips
• Old TRIS Terms: Princeton plan
• Subject Areas: Administration and Management; Economics; Education and Training; Energy; Planning and Forecasting; Transportation (General); I72: Traffic and Transport Planning;

Filing Info

• Accession Number: 00390113
• Record Type: Publication
• Source Agency: Engineering Index
• ISBN: J Adv Transp
• Files: TRIS
• Created Date: Oct 30 1984 12:00AM