Land Use & Zoning

What is a 'development impact fee' in Delaware?

AA fee charged to developers by real estate agents for exclusive marketing rights
BA one-time fee charged by municipalities to new development projects to offset the cost of public infrastructure improvements necessitated by that development✓ Correct
CA fee paid by developers to the Delaware Real Estate Commission for new subdivision approvals
DA tax on commercial developers to fund affordable housing programs

Explanation

Development impact fees are one-time charges imposed on new development to offset the cost of expanding or constructing public infrastructure (roads, schools, parks, utilities) necessitated by the new development. They shift infrastructure costs from existing taxpayers to the developers and buyers of new development.

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