Land Use & Zoning
In New Mexico, 'density bonuses' for affordable housing allow developers to:
AExceed normal density limits in exchange for including affordable units✓ Correct
BAvoid environmental review for dense projects
CReceive tax exemptions for all residential development
DBuild in restricted zones without approval
Explanation
Density bonuses allow developers to build more units than normally permitted under zoning in exchange for including a specified percentage of affordable housing units in the development.
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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.
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.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
Adverse PossessionA doctrine by which a person can gain legal title to another's land by openly, continuously, and adversely occupying it for a statutory period.
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