Lack of Affordable Housing Near Jobs: A Problem for Employers and Employees -- New Survey From ULI Looks at Impact of Commuting

U.S. Newswire, June, 2007

To: REAL ESTATE EDITORS

Contact: Trisha Riggs of the Urban Land Institute, 1-202-624- 7086, priggs@uli.org

WASHINGTON, June 4 /PRNewswire-USNewswire/ -- Concern is apparent within the business community -- particularly among larger employers - - about the lack of affordable housing for employees, with companies reporting the shortage as being problematic in hiring and retaining entry- and mid-level workers, according to a new survey released by the Urban Land Institute (ULI). The same survey showed interest by moderate-income workers in moving closer to work if affordable housing were available.

The survey, conducted between April 26, 2007 and May 1, 2007 by Harris Interactive(R), was taken to gauge perceptions by employers and commuters regarding the impact of...

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