Land Use & Zoning
In New York, a 'transfer of development rights' (TDR) program allows a property owner to:
ATransfer the property's title to the municipality in exchange for a tax exemption
BSell unused development rights from their parcel (the 'sending site') to another parcel (the 'receiving site') where those rights can be used to build more intensively✓ Correct
CTransfer the property's zoning classification to an adjacent parcel
DConvert residential development rights to commercial use
Explanation
A TDR program in New York allows owners of properties with preserved open space, historic buildings, or other limited development potential (the sending site) to sell their unused development rights to owners of other parcels (the receiving site), where those rights can be used to construct more floor area or units than the base zoning allows.
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