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Growth Management Fact Book, Second Edition

Growth Management Fact Book, Second Edition

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Published by REALTORS®
The Growth Management Fact Book was prepared by the National Association of REALTORS® and its consultant, Robinson & Cole LLP, to help REALTORS® at the state and local level better understand growth management initiatives in their communities.
The Growth Management Fact Book was prepared by the National Association of REALTORS® and its consultant, Robinson & Cole LLP, to help REALTORS® at the state and local level better understand growth management initiatives in their communities.

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Published by: REALTORS® on Apr 25, 2012
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05/19/2012

 
Growth ManagementFact Book 
Second Edition
P
REPARED BY
 ©Copyright 2008, National Association of Realtors
®
and Robinson & Cole
LLP
®
. All rights reserved
This document has been prepared by Robinson & Cole
LLP
, in its capacity as consultant to NAR, for informational purposes only. The informationcontained in this document is not intended nor should it be construed as a legal opinion as to federal or state law with respect to any issue addressed. If NAR or its members require legal advice on any issue addressed in the Growth Management Fact Book, they should consult local counsel.
 
 
BOST1-942453-2
NAR GROWTH MANAGEMENT FACT BOOK
TABLE OF CONTENTS
PREFACE
SECTION 1: INTRODUCTION ............................................................................................................. 1
PART I: LOCATION, DENSITY AND RATE OF GROWTH
SECTION 2: URBAN GROWTH BOUNDARIES (UGBS) .................................................................. 32.01 Purpose and Key Terms ....................................................................................................... 32.02 Effectiveness in Achieving Stated Purpose(s) ..................................................................... 42.03 Impact on Property Values .................................................................................................. 52.04 Impact on Development Costs ............................................................................................. 52.05 Impact on Amount and Patterns of Land Development.................................................... 62.06 Impact on Housing Affordability ........................................................................................ 62.07 Summary of Pros and Cons ................................................................................................. 72.08 Incentive-Based Alternatives ............................................................................................... 8SECTION 3: GROWTH PHASING, RATE OF GROWTH SYSTEMS AND MORATORIA ........ 93.01 Purpose and Key Terms ...................................................................................................... 93.02 Effectiveness in Achieving Stated Purpose(s) ................................................................... 103.03 Impact on Property Values ................................................................................................ 123.04 Impact on Development Costs ........................................................................................... 133.05 Impact on Amount and Patterns of Land Development .................................................. 133.06 Impact on Housing Affordability ...................................................................................... 143.07 Summary of Pros and Cons ............................................................................................... 143.08 Incentive-Based Alternatives ............................................................................................. 15
PART II: PUBLIC FACILITIES AND INFRASTRUCTURE
 
SECTION 4: ADEQUATE PUBLIC FACILITIES (APF) AND CONCURRENCY ........................ 164.01 Purpose and Key Terms ..................................................................................................... 164.02 Effectiveness in Achieving Stated Purpose(s) ................................................................... 174.03 Impact on Property Values ................................................................................................ 184.04 Impact on Development Costs ........................................................................................... 184.05 Impact on Amount and Patterns of Land Development .................................................. 184.06 Impact on Housing Affordability ...................................................................................... 194.07 Summary of Pros and Cons ............................................................................................... 194.08 Incentive-Based Alternatives ............................................................................................. 20SECTION 5: IMPACT FEES ................................................................................................................. 215.01 Purpose and Key Terms ..................................................................................................... 215.02 Effectiveness In Achieving Stated Purpose(s) ................................................................... 235.03 Impact on Property Values ................................................................................................. 245.04 Impact on Development Costs ............................................................................................ 245.05 Impact on Amount and Patterns of Land Development .................................................. 255.06 Impact on Housing Affordability ....................................................................................... 255.07 Summary of Pros and Cons ................................................................................................ 26
 
 
BOST1-942453-1
 National Association of Realtors® Growth Management Fact Book (2008 ed)
ii
5.08 Incentive-Based Alternatives .............................................................................................. 27SECTION 6: SPECIAL ASSESSMENT DISTRICTS (SADS) ........................................................... 286.01 Purpose and Key Terms ..................................................................................................... 286.02 Effectiveness In Achieving Stated Purpose(s) .................................................................. 296.03 Impact on Property Values ................................................................................................ 306.04 Impact on Development Costs ........................................................................................... 316.05 Impact on Amount And Patterns of Land Development ................................................. 316.06 Impact on Housing Affordability ...................................................................................... 316.07 Summary of Pros and Cons ............................................................................................... 316.08 Incentive –Based Alternatives ............................................................................................ 32SECTION 7: TAX INCREMENT FINANCING .................................................................................. 337.01 Purpose and Key Terms ..................................................................................................... 337.02 Effectiveness In Achieving Stated Purpose(s) .................................................................. 357.03 Impact on Property Values ................................................................................................ 377.04 Impact on Development Costs ........................................................................................... 377.05 Impact on Amount And Patterns of Land Development ................................................. 387.06 Impact on Housing Affordability ...................................................................................... 387.07 Summary of Pros and Cons ............................................................................................... 387.08 Incentive –Based Alternatives ............................................................................................ 39
PART III: PROTECTION OF NATURAL RESOURCES ANDENVIRONMENT
 SECTION 8: OPEN SPACE PRESERVATION TECHNIQUES ....................................................... 408.01 Purpose and Key Terms ..................................................................................................... 408.02 Effectiveness in Achieving Stated Purpose(s) ................................................................... 418.03 Impact on Property Values ................................................................................................ 438.04 Impact on Development Costs ........................................................................................... 438.05 Impact on Amount and Patterns of Land Development ................................................. 438.06 Impact on Housing Affordability ...................................................................................... 448.07 Summary of Pros and Cons ............................................................................................... 448.08 Incentive Based Alternatives ............................................................................................. 44SECTION 9: TRANSFERABLE DEVELOPMENT RIGHTS ........................................................... 469.01 Purpose and Key Terms ..................................................................................................... 469.02 Effectiveness in Achieving Stated Purpose(s) ................................................................... 489.03 Impact on Property Values ................................................................................................ 509.04 Impact on Development Costs ........................................................................................... 519.05 Impact on Amount And Patterns of Land Development ................................................ 519.06 Impact on Housing Affordability ...................................................................................... 529.07 Summary of Pros and Cons ............................................................................................... 529.08 Incentive-Based Alternatives ............................................................................................. 52SECTION 10: FARMLAND PROTECTION TECHNIQUES ............................................................ 5410.01 Purpose and Key Terms ................................................................................................... 5410.02 Effectiveness in Achieving Stated Purpose(s) ................................................................. 5610.03 Impact on Property Values .............................................................................................. 6010.04 Impact on Development Costs ......................................................................................... 61

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