Parking Requirements Drive Up Housing Costs [Issue Brief]

Details

• Creators:
  Schwartz, Ellen
• Corporate Creators:
  University of California, Los Angeles. Center for Parking Policy
• Corporate Contributors:
  University of California Institute of Transportation Studies
• Subject/TRT Terms:
  Case Studies Driving Housing Low Income Groups Parking Policy Socioeconomic Factors Underground Parking Garages Urban Areas
• DOI:
  https://doi.org/10.17610/T6DS47
• Resource Type:
  Brief
• Geographical Coverage:
  United States
• Corporate Publisher:
  University of California Institute of Transportation Studies
• Abstract:
  This issue brief synthesizes research that clearly demonstrates how minimum parking requirements exacerbate the housing affordability crisis. Parking requirements are zoning rules that require new homes to include a minimum number of off-street parking spaces, regardless of site-specific conditions, costs, or residents’ needs. Parking is expensive to build — in urban areas it can often cost over $50,000 per space — and costs are largely passed on to renters and homebuyers. Parking requirements disproportionately affect lower-income residents who own fewer vehicles yet still shoulder the cost of parking. In addition to raising housing costs, parking requirements constrain new housing supply by consuming developable land and impairing project feasibility, resulting in both fewer units per project and fewer projects being constructed.
• Format:
  PDF
• Collection(s):
  US Transportation Collection
• Main Document Checksum:
  urn:sha-512:213b8476aff1643e95def858ed4f793f0a04b9efed95d7784b2bdd2787edaf2a13fa6ac4038cd5ce75c2cd30df8e0e50dd51d9c3b2218e5273f3140109addd07
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/91840/dot_91840_DS1.pdf
• File Type:
  [PDF - 683.67 KB ]