Study: NYC Suburbs Could Use 250K More Transit-Oriented Homes

The solution to rising housing prices in the New York metro area could be the addition of 250,000 homes to the city's suburbs over the next 20 years, according to a new study released this week.

The study, conducted by the New York City-based Regional Plan Association and released Tuesday, says the key to affordable living is building transit-oriented developments, which reduces the cost of living.

"Our region is struggling under the weight of it's own success — with housing prices at an all-time high and space at a premium," said Tom Wright, President of the Regional Plan Association. "More transit-oriented development is a real answer to our concurrent housing and commuting crises."

Read the full article in LoHud