Parking Cost for "Affordable" Units
Parking spots are expensive. The last study I saw mentioned $30k-80k per spot in California, and that was 2019 dollars.
So whenever I see people clamoring for "affordable" housing near transit, I wonder why we're not doing more to clarify the costs of private parking to the public. If 2 parking spots are making a $650k unit $150k more expensive than it would be otherwise, why not let people know that?
So
What if we simply require developers to submit a second initial proposal for development near transit that details the median cost per unit for whatever they could build if they built 0 parking spots on their development?
Does anyone live somewhere that does something like this?
u/LostCompetition3593 — 2 days ago