City Council Approves Lower Parking Requirements for Multi-Family Developments

On March 4th, the San Diego City Council approved Mayor Faulconer’s proposal to decrease the cost of developing new multi-family housing by reducing parking requirements. The Chamber-supported reform is part of the Mayor’s “Housing SD” suite of proposals. The changes to parking minimums are designed to put downward pressure on the cost of housing by increasing supply as well as to reduce auto trips and traffic congestion. The proposal enables market-based parking strategies within areas already designated by the City to be Transit Priority Areas. These market-based strategies include requiring parking to be “unbundled” from the housing unit, and allowing developers to provide demand management strategies (that are proven to decrease demand for parking) as an alternative to providing a new parking spot.