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.

Related New York Land Use & Zoning Questions

Practice More New York Real Estate Questions

1,500+ questions covering all exam topics. Start free — no signup required.

Take the Free New York Quiz →