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Why Cap-and-Trade Auction Proceeds Should Fund Affordable Homes Near Transit

Affordable TOD Has an Important Role in Reducing GHG Transportation-related greenhouse gas (GHG) emissions account for 38% of California’s total. Because transportation needs are driven in large part by where people can afford to live, housing affordability affects the sector’s emissions. The Sustainable Communities Strategy (SCS) planning process required by SB 375 (Steinberg, 2008) has made integration of housing, land use, and transportation planning a key part of the state’s strategy for reducing auto-related GHG emissions. Ensuring that households of all income levels, especially low-income households who use transit most, are able to live near transit and jobs is crucial to meeting the goals of SB 375 and AB 32.