Land Use & Zoning
In New York, a 'community benefit agreement' (CBA) in a large real estate development project is:
AA government-mandated environmental study
BA negotiated contract between a developer and community organizations specifying the public benefits the developer will provide in exchange for community support✓ Correct
CA tax sharing agreement between the municipality and the developer
DA deed restriction imposed by the local government
Explanation
A community benefit agreement (CBA) is a legally binding contract between a real estate developer and community organizations (representing residents near the project) in which the developer agrees to provide specific benefits — such as affordable housing, local hiring preferences, green space, or community facilities — in exchange for the community's support of the project.
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