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Rail News: Passenger Rail

Buffalo/Niagara transit authority to attract home buyers

The Niagara Frontier Transportation Authority recently announced it will implement Fannie Mae’s Smart Commute® initiative to attract home buyers near rail stations and bus stops in the Buffalo/Niagara area.

Under the Buffalo Niagara Smart Commute Initiative, Summit Federal Credit Union will add a portion of potential transportation savings to the qualifying income of home buyers who purchase a home within a half-mile of a Metro rail station or bus stop. Summit will add $200 per month for households with one wager earner and $250 per month for households with two bread winners.

Contact Progressive Railroading editorial staff.

More News from 6/24/2005