Land Use & Zoning
What is 'TDR' (Transfer of Development Rights) in Oregon and how is it used?
AA federal tax deduction for real estate development
BA program allowing property owners to transfer their unused development rights from a protected area to another site where development is encouraged✓ Correct
CA title insurance product for developers
DA DLCD program transferring ownership of rural land to the state
Explanation
Transfer of Development Rights (TDR) allows owners of 'sending sites' (land that should be preserved — farmland, natural areas) to sell their development rights to owners of 'receiving sites' (areas where growth is encouraged). Oregon and some of its metro jurisdictions have explored TDR programs to compensate landowners for preservation while directing growth to appropriate areas.
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