First
launched by the U.S. Department of Housing and Urban Development (HUD) and
Department of Transportation (DOT) in November 2013, the Location Affordability
Index (LAI) provides ubiquitous, standardized household housing and
transportation cost estimates for all 50 states and the District of Columbia. Because
what is affordable is different for everyone, users can choose among eight household
profiles—which vary by household income, size, and number of commuters—and see
the impact of the built environment on affordability in a given location while
holding household demographics constant.
Version
3 updates the constituent data sets with 2012-2016 American Community Survey
data and makes several methodological tweaks, most notably moving to modeling
at the Census tract level rather at the block group. As with Version 2, the
inputs to the simultaneous equation model (SEM) include six endogenous variables—housing
costs, car ownership, and transit usage for both owners and renters—and 18
exogenous variables, with vehicle miles traveled still modeled separately due
to data limitations. To learn more about the Location Affordability Index (v.3) visit: https://www.hudexchange.info/programs/location-affordability-index/. Date of Coverage: 2012-2016 LAI Version 3 Data and Methodology LAI Version 3 Technical Documentation
Creator:
United States. Department of Housing and Urban Development
HUD and the dataset and metadata authors assume no responsibility for the use or misuse of the dataset. No warranty, expressed or implied is made with regard to the accuracy of the spatial accuracy, and no liability is assumed by the U.S. Government in general, the dataset creators or the U.S. Department of Housing and Urban Development specifically, as to the spatial or attribute accuracy of the data.