DENVER – Colorado lawmakers passed important legislation today that will reduce the cost of housing, expand housing options near transit, curb urban sprawl, and encourage more sustainable transportation options. Passage of HB-1304 Minimum Parking Requirements removes minimum parking requirements for multifamily residential, residential adaptive reuse projects, and mixed-use projects with at least 50 percent residential uses within one-fourth mile of rail and bus stations with at least 30-minute service.
The bill prevents local governments in urban areas from enforcing minimum parking requirements in those new developments starting on June 30, 2025, instead allowing builders and local businesses to determine how much parking they need to meet demand. And it directs state agencies to conduct a parking study with best practices for optimizing the use of parking, and tools to…