Denver study shows removing parking requirements results in more affordable housing being built

[marmar]

Denver study shows removing parking requirements results in more affordable housing being built

Susan D. Daggett
Professor of the Practice of Law, University of Denver
Stefan Chavez-Norgaard
Teaching Assistant Professor of Public Policy, University of Denver


(The Conversation) Removing parking requirements for new buildings could help thousands of Coloradans who struggle to afford housing.

There is a shortage of over 106,000 homes across Colorado, according to a recent study by the Colorado State Demography Office.

Nearly 90% of the lowest-income households in the state spend over one-third of their pretax income on rent or mortgage payments. That means they pay more on housing, as a percentage of their income, than is considered affordable.

The cost of providing parking – borne by developers and passed on to residents – helps push prices up. Parking minimums may be mandated by city ordinances or demanded by lenders. Some renters prefer apartments that come with dedicated parking. ......................(more)

https://theconversation.com/denver-study-shows-removing-parking-requirements-results-in-more-affordable-housing-being-built-263889