Created by Victoria Transport Policy Institute (VTPI)
Most zoning codes and development practices have ample parking supply requirements, which force people who purchase or rent housing to pay for parking regardless of their needs.
These parking requirements compromise housing affordability and impose various economic and environmental costs with wide ranging impacts. This compounds problems as jurisdictions work to address affordable housing shortages.
This report argues that parking costs increase, as a percentage of rent, for lower priced housing. And as low-income households tend to own fewer vehicles, minimum parking requirements are regressive and unfair.
It concludes by listing diverse parking management strategies that can increase affordability, economic efficiency and equity.