I'm not sure how this uplifting? Without adequate public transit, or at least massively improved walkability it will cause private lots will charge more and just make it harder to get places including your home.
I'm sure property developers are thrilled though. I can understand that perspective. They're gonna save so much money flooding the neighborhoods with street parking.
Yup relatable situation. I lived briefly in a car dependent city, lacking parking requirements and yep. Lots of townhouses, with lots of cars, and no where to put them. Loved parking blocks away after a long night at work. Quick trip to the store? 15 minute walk to the car, 20 minute drive into city center, 15 minutes to find paid parking garage and then another hike to the store's door.
It's nightmare stuff. Lawmakers need to embrace and fund proper alternative transportation first - then they can work on minimizing parking.