The Capped Development Entitlements Market (CDEM) is a new and innovative land use planning strategy that local governments in Florida can adopt to support the voluntary transfer of residential development entitlements between landowners. It was designed to prevent the further over-allocation of residential development entitlements but it can serve many other purposes including natural resource protection, land conservation, farmland preservation, and the protection of private property rights. The CDEM is a market based strategy and it can be supported almost entirely by the private sector without the use of tax dollars. This is because a CDEM is designed to be administered in a brokerage arrangement similar to real estate transactions. It is the simpler, less expensive, and modern day alternative to the “transfer of development rights” or “TDR” programs already adopted by many local governments in Florida. Click here to learn more.
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