Reduces parking spaces required in Statewide site improvement standards at residential developments relative to development's proximity to public transportation.

New Jersey's A-1522 reduces mandatory parking requirements for new residential developments based on their distance to public transportation. The bill requires a 20% reduction in parking spaces for developments within 0.5-1 mile of transit, 30% for 0.25-0.5 miles, and 50% within 0.25 miles of rail stations, bus routes (with five or more regular routes), or bus stops (with 15+ stops). This directly affects residential developers building near qualifying transit infrastructure across the state. The policy aims to encourage transit-oriented development by lowering construction costs for projects close to public transportation. The bill is currently pending in the Assembly State and Local Government Committee.