Relating to parking minimums for residential development.

HB 3903 requires new multiunit housing developments (like apartments and condos) within Oregon's urban growth boundaries to include at least one dedicated parking space per residential unit. This applies to most new construction projects but allows exceptions only if the development is located within half a mile of a bus route serving more than six buses per hour during weekday rush hours. The law directly affects developers and local governments by setting a baseline parking requirement while permitting limited variances near high-frequency transit. It aims to reduce parking mandates for new housing near transit options without altering other land use regulations.