What is sustainable development, and where can I find it in the Pinelands? We at PPA think sustainable development is development in the right. What Is a Transfer of Development Rights (TDR) Program?: NJ Hi.. The folks at New Jersey Future, a Smart. Growth advovacy organization, have a similar explanation(PDF). What is a TDR program? A TDR program seeks to preserve landowners' asset value by moving the right to build a house from a location where development is prohibited (e. Because the total number of houses ultimately built in the larger region does not go down as a result of simply moving the geographic location of the new homes, there should be enough money available overall to compensate landowners in the restricted area for any decline in their land value, without sacrificing the profits of landowners elsewhere. The trick is to transfer part of the purchase price for land in a location where development is encouraged to a landowner in a place where development is prohibited. Hey wait- -how can somebody get a portion of the purchase price from the sale of a piece of land they do not own, in a location far from where they do own land? Smart Growth through the Transfer of Development Rights A selection of TDR case studies with relevance for the preservation of farmland, open space and other. The Pinelands Development Credit (PDC) Program is a regional transfer of development rights program that preserves important agricultural and ecological land. Obviously the State would need to dedicate funding for this purpose. Montgomery County Office of Economic Development. The Pinelands Development Credit program is often categorized as a “mandatory. 1 New Jersey Pinelands Development Credit Program (Revised November 2014) New Jersey Pinelands Commission P.O. Box 359, New Lisbon, NJ 08064. The state has already established a State Transfer of Development Rights Bank; a Pinelands Development Credit. What Is a Transfer of Development Rights (TDR) Program? The Pinelands Development Credit Bank.Page 5. He coordinated the sale of 950 acres to the States Green Acres program.
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