Incentive zoning definition

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

  • Incentive means a term or condition whose purpose is to motivate the Contractor to provide supplies or services at lower costs, and in certain instances with improved delivery or technical performance, by relating the amount of profit or fee earned to the Contractor’s performance.

  • Incentive Plans means any incentive, bonus, deferred compensation or similar plan or arrangement currently or hereafter made available by Employer in which Executive is eligible to participate.

  • incentive plan award means compensation awarded, earned, paid, or payable under an incentive plan;

  • Incentive Compensation means any compensation that is granted, earned or vested based wholly or in part upon the attainment of a Financial Reporting Measure.

  • STIP means the Company’s short-term incentive plan under Section 8 of the Company’s 2007 Omnibus Incentive Plan, effective May 8, 2007, as may be amended from time to time, or any successor plan, program or arrangement thereto.

  • Incentive Award means the right to receive a cash payment to the extent Performance Goals are achieved, and shall include “Annual Incentive Awards” as described in Section 10 and “Long-Term Incentive Awards” as described in Section 11.

  • Performance Corridor means the acceptable range of results around a Performance Target;

  • Non-profit housing development means development of a building or structure intended for use as residential premises by,

  • Business Unit means the assets constituting the business or a division or operating unit thereof of any Person.

  • Management Incentive Plan means the Company’s bonus program, as implemented by the Company’s board of directors from time to time and pursuant to which the Executive may receive incentive-based compensation at fiscal year end.

  • Bonus means the bonus described in the Section 2.3.

  • ICP means an installation control point being 1 of the following:

  • Incentive Plan means any plan providing compensation that depends on achieving certain performance goals or similar conditions within a specified period;

  • Awards means Options, RSUs and PSUs granted to a Participant pursuant to the terms of the Plan;

  • Goals means the annual level of participation by SBEs in City Contracts as established in this chapter, the SBE Regulations, or as necessary to comply with applicable federal and state nondiscrimination laws and regulations. Goals for individual Contracts may be adjusted as provided for in this chapter and shall not be construed as a minimum for any particular Contract or for any particular geographical area.