Land Use & Zoning
Floor Area Ratio (FAR) is a zoning tool that regulates:
AThe minimum square footage of residential units
BThe ratio of total building floor area to the size of the lot✓ Correct
CThe proportion of commercial to residential uses in a zone
DThe height of the building in floors
Explanation
FAR = Total Building Floor Area ÷ Lot Area. It limits the amount of building space relative to the lot, controlling density.
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Key Terms to Know
Zoning
Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
Loan-to-Value Ratio (LTV)The ratio of a mortgage loan amount to the appraised value or purchase price of a property, expressed as a percentage.
Debt-to-Income Ratio (DTI)A lender's measure of a borrower's monthly debt obligations relative to their gross monthly income, used to evaluate loan eligibility.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
Math Concepts
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