Smart growth news – January 5, 2012

Federal HUD grant drives development in East Austin
YNN (Texas) – January 4, 2012
A large plot of land in East Austin will soon be developed into a mixed-income, sustainable community, thanks to a $3 million grant from the U.S. Department of Housing and Urban Development.

Fed Urges Action on Housing
Wall Street Journal – January 5, 2012
The paper said some 60 metro areas had at least 250 foreclosed properties for sale by Fannie, Freddie and federal agencies—enough to efficiently execute rental programs. About two-fifths of properties held by Fannie could produce returns that justify converting them, it said.

Why Some Cities Are Healthier Than Others
The Atlantic Cities – January 5, 2012
Metro health is closely associated with commuting patterns. Metros where greater shares of people walk and bike to work do better on the Metro Health Index (.62). Conversely, the share of people who drive to work alone is negatively associated with the Metro Health Index (-.47).

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