Land Use & Zoning

What is 'transferable development rights' (TDR) in Delaware?

AThe right to transfer a building permit to another lot
BA land use tool allowing development rights from a preserved property to be sold and used on another property in a designated receiving area✓ Correct
CThe right of a developer to transfer a project to another developer
DPermission to transfer density between floors of a building

Explanation

TDR programs create a market for development rights: owners in sending areas (farmland, open space) can sell their development rights to developers in receiving areas (urban growth areas), preserving open land while concentrating development where infrastructure exists.

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