Data analysis reveals that the expenses associated with constructing parking facilities are transferred to renters and homebuyers. Critics of reform remain skeptical. Parking mandates exacerbate housing scarcity and burden low-income tenants with unnecessary costs, especially when a significant portion of households lack a functioning car. Montgomery County is considering an amendment to facilitate the preservation of affordable housing. Montgomery County Council President Andrew Friedson highlighted that parking costs can substantially inflate housing prices, reaching up to $70,000-$100,000. A new proposal is being introduced to tackle this issue.
“The cost of parking is something that drives up the cost of housing significantly,” sometimes as much as $70,000-$100,000, according to Montgomery County Council President Andrew Friedson. A new proposal hopes to address that. https://t.co/J71lEdxLVb
Montgomery County amendment aims to make it easier to preserve affordable housing: https://t.co/nQfIBv3AgV https://t.co/CXSTf0NTVO
One in 11 American households have no working car. Not only do parking mandates make housing more scarce, they force low income renters to pay for extra space they can't even use. https://t.co/OZ4LyOBzxe
One in 11 American households have no working car. Not only do parking mandates make housing more scarce, they force low income renters to pay for extra space they can't even even use. https://t.co/OZ4LyOBzxe
Data shows the costs of building parking are passed on to renters and homebuyers. Some reform opponents remain unconvinced. https://t.co/idREJtIM4G