Under NC law, a 'vested rights' claim for a development project means the developer:
Why Has made substantial expenditures in good faith reliance on existing approvals, entitling them to proceed under the rules in effect when the project was approved Is Correct
Answer B: Has made substantial expenditures in good faith reliance on existing approvals, entitling them to proceed under the rules in effect when the project was approved
Key Land Use & Zoning Terms in This Question
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Key Terms to Know
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.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
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