VA HB888

Limits minimum off-street parking requirements for residential and mixed-use developments in designated areas near transit stations, revitalization zones, and high-density zoning districts to 0.5 spaces per unit for multifamily housing and 1 space per unit for single-family, two-family, and townhouse dwellings

Defines "designated area" to include parcels within one-half mile of mass transit stations, within approved small area plans for revitalization, in zoning districts permitting floor area ratios of 1.0 or greater, or projects including affordable dwelling units

Allows localities with populations over 600,000 to impose higher parking requirements near locality-managed bus stops, but must offer an administrative process for at least 25% reduction for developments within 1,000 feet of such stops

Requires localities with populations over 20,000 to establish an administrative process allowing at least 20% parking reduction for residential and mixed-use developments outside designated areas

Removes express authority for localities to adopt off-street parking requirements under the general house-building regulation statute (§ 15.2-2279)