Incentive zoning definition

Incentive zoning means the use of bonuses in the form of increased project density or other

Incentive zoning means the use of bonuses in the form of increased project density or other benefits to a developer in return for the developer providing certain features, design elements, uses, services, or amenities desired by the locality, including but not limited to, site design incorporating principles of new urbanism and traditional neighborhood development, environmentally sustainable and energy-efficient building design, affordable housing creation and preservation, and historical preservation, as part of the development.

Incentive zoning means the system by which specific incentives or bonuses are granted, pursuant to this section, on condition that specific physical, social, or cultural benefits or amenities would inure to the community.

Examples of Incentive zoning in a sentence

• Incentive zoning, performance zoning, and overlay zoning are all innovative land use controls that can be used alone or in concert to address specific community needs and goals.

• Incentive zoning provides a bonus, usually in the form of additional floor area, in exchange for the provision of a public amenity or affordable housing.

• Incentive zoning typically benefits the landowner or developer, since the value of the bonus can be designed to equal or exceed the cost to the developer of supplying the public benefit.

• Incentive zoning supplements traditional zoning by taking advantage of market forces, offering developers a range of regulatory incentives that either increase revenue or reduce costs, including flexible development regulations, parking reductions, fee waivers or reductions, and permitting priority.

• Incentive zoning could be applied over these heights if the Council decides to do so.

• Incentive zoning is a reward-based system encouraging development that meets established urban development goals.

• Incentive zoning has also been identified as an important component in encouraging clustering by relaxing minimum lot size requirements in exchange for more open space.

• Introduction Incentive zoning allows developers to gain extra floor area1 (measured in gross square feet) beyond the allowable base in exchange for providing public benefits, such as affordable housing or open space.

• Incentive zoning involves a trade-off between a community and a developer.

• Staff from the office (OAG) participated in international conferences and undertook international studies including visits to relevant organizations and other SAIs to learn and share experiences with them.

More Definitions of Incentive zoning

Incentive zoning means the use of bonuses in the form of increased project density or other benefits to a developer in return for the developer providing certain features or amenities desired by the locality within the development.