Reduces parking spaces required in Statewide site improvement standards at residential developments based on proximity to public transportation.

This bill mandates the Commissioner of Community Affairs to adopt regulations reducing required on- and off-street parking spaces in Statewide site improvement standards by 20, 30, and 50 percent, depending on a residential development's proximity to public transportation services. The reductions are based on distance from public transportation services, including rail, motorbus, and ferry services.

Reduces parking spaces required in Statewide site improvement standards at residential developments based on proximity to public transportation.

This bill mandates the Commissioner of Community Affairs to adopt regulations reducing required on- and off-street parking spaces in Statewide site improvement standards by 20, 30, and 50 percent, depending on a residential development's proximity to public transportation services. The reductions are based on distance from public transportation services, including rail, motorbus, and ferry services.