Land Use & Zoning
What is 'transfer of development rights' (TDR) and how might it be used in Illinois?
AThe transfer of a property deed to a developer; requires title company involvement
BA mechanism allowing development rights from one area (sending zone) to be transferred and used in another area (receiving zone), enabling preservation while allowing development✓ Correct
CThe transfer of a building permit from one property to another
DAn IDFPR process for transferring licensed property managers between offices
Explanation
Transfer of Development Rights (TDR) allows unused development potential from protected land (conservation areas, agricultural land, historic districts) to be transferred to other designated areas that can absorb more density. The property owner in the 'sending zone' sells TDR credits, which receiving zone developers can purchase to build at higher densities than normally allowed.
Related Illinois Land Use & Zoning Questions
- In Illinois, a 'planned development' (PD) designation in an ordinance allows the municipality to:
- Transferable development rights (TDR) programs allow landowners in designated sending areas to:
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