What Is an Example of How a TDR Might Work?
Janet’s farm is in an area that has been designated as a “sending area.” The current zoning is one dwelling unit for every two acres. As part of the GMA, her property is down zoned to one dwelling unit for every twenty acres, a loss of nine dwelling units. The County issues Janet nine TDR certificates, one for each unit. Bob owns a five acre undeveloped parcel inside an urban growth area that allows four units per acre (twenty units). The County has designated Bob’s property as a “receiving area” that may be developed at up to eight units per acre with a TDR certificate. Bob wants to develop duplexes at eight units per acre. If Bob acquires Janet’s certificates, he can apply them to his land and receive a permit to build housing at twenty-nine units, a bonus of nine units. If Bob acquires an additional eleven certificates, he can develop at the maximum of forty units.
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