The price of developing low-income housing in California is the best within the nation, with some condominium buildings totaling more than $1 million per unit to build.
One of many causes? It’s costly to put aside land for parking heaps and construct underground garages. On this episode of “Gimme Shelter: The California Housing Crisis Podcast,” we discuss a forthcoming state regulation, Meeting Invoice 2097, that eliminates minimum parking requirements for new housing near mass transit. The hope, supporters of the regulation say, is that the coverage will spur extra improvement at decrease value whereas additionally serving to California meet its local weather change objectives.
Our visitor is Donald Shoup, an city planning professor at UCLA and writer of the guide, “The Excessive Value of Free Parking.” Shoup is taken into account the preeminent scholar on parking in the USA and his work laid the inspiration for the brand new regulation.
“Gimme Shelter,” a biweekly podcast that appears at why it’s so costly to stay in California and what the state can do about it, options Liam Dillon, who covers housing affordability points for the Los Angeles Occasions, and Manuela Tobías, housing reporter for CalMatters.