Senate Bill S2628 limits the number of parking spaces that can be required for multifamily apartments constructed near mobility hubs and high-frequency transit stops identified by Rhode Island’s Transit Master Plan. Parking is expensive to construct (between $5,000 and $50,000 per space), directly impacting home rental and sale prices.

S2628 is a first step towards ensuring that builders are not mandated to include more parking than necessary at the expense of cost-strapped residents.