Low-income renters pay a high price for parking requirements
Document Type
Article
Publication Date
5-1-2017
Publisher
UCLA Ziman Center for Real Estate
Abstract
Most cities' off-street parking requirements were codified during America's post-World War II growth and suburbanization. Today, we are in the midst of an urban housing affordabilit y cri sis, and outdated municipal parking requirements are partly to blame. Our recent research analyzed the affordability effects of parking provisions on America 's urban renters. We find that parking requirements impose a high cost on renters, and particularly on lowincome carless renters, who collectively spend more than $400 million dollars annually on parking that they may not even need or want.
Recommended Citation
Gabbe, C. J., & Pierce, G. (2017). Low-income renters pay a high price for parking requirements. UCLA Economic Letter. Los Angeles, CA: UCLA Ziman Center for Real Estate.
