Austin, Texas is officially getting rid of its minimum parking requirements. The move is expected to decrease home prices and rents, as construction costs fall. Austin, Texas is getting rid of requirements that new construction — from single-family homes to shopping malls — build parking spots. Housing advocates, urban planners, and environmental activists have long pushed to end parking requirements, as they elevate construction costs, inflate rents and home prices, and waste valuable space. AdvertisementAdvertisementA few large cities across the country, including Portland, Minneapolis, and San Jose, have already gotten rid of parking minimums.

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Persons: —, Eric Adams, There's, Robert Garcia, Garcia Organizations: Service, City Council, Housing, Rutgers Center, Real, New York City, California Democrat Locations: Austin , Texas, Austin, New Jersey, Portland , Minneapolis, San Jose, New York, New York City, California