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Attachment V 26 <br />housing costs presents greater housing options for people who cannot afford a vehicle and <br />for those who choose to live without one. <br />From Northeastern University's Dukakis Center for Urban and Regional Policy: <br />"Residential parking is generally provided as an inseparable part of housing arrangements: a <br />parking space is part of the apartment lease or condominium purchase. The price of parking <br />can, however, be separated or 'unbundled' from that of the housing either if developers and <br />landlords choose to do so or if municipal regulators so require. As San Francisco's Metropolitan <br />Transportation Commission has explained, 'Unbundling parking is an essential first step towards <br />getting people to understand the economic cost of parking and providing users with the <br />opportunity to opt out of parking and make alternative travel decisions. Without unbundled <br />parking, tenants experience parking as free, while transit costs them money "' (MTC, 2007, p. <br />31).' <br />Figure 1 on the following page displays the variation in vehicle ownership by 2010 Census Tract <br />in Carrboro. <br />Figure 2 on the final page displays results from the Center for Neighborhood Technology's <br />Housing and Transportation Affordability Index. The map on the left shows the distribution of <br />households (by 2010 Census - defined block groups) where housing costs are both less than and <br />greater than 30 percent of the households' income -30 percent is commonly considered the <br />cut -off point for household -level housing affordability. Households that allocate more than 30 <br />percent of the combined household's income toward housing costs are considered "cost <br />burdened ". The map of the right shows the distribution of household where housing costs AND <br />household location- derived transportation costs are both less than and greater than 45 percent <br />of the households' income. Households that allocate more than 45 percent of the household's <br />income toward housing and transportation are also considered cost burdened. Figure 2 <br />illustrates how cost burdened status might apply to more of Carrboro's households after <br />including household transportation costs into estimates of housing affordability. <br />7 http: / /www.dukakiscenter.org /unbundled - parking/ <br />Page 1 12 <br />