Land Use & Zoning
In Colorado, a 'floor area ratio' (FAR) in zoning controls:
AA. The minimum ceiling height in buildings
BB. The ratio of total building floor area to the lot area, limiting the intensity of development✓ Correct
CC. The number of floors a building can have
DD. The percentage of the floor that must be carpeted
Explanation
Floor Area Ratio (FAR) is a zoning regulation that limits the total floor area of a building relative to the lot size. For example, a FAR of 2.
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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.
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