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The Appraisal Institute defines highest and best use as follows: The reasonably probable and legal use of vacant land or an improved property that is physically possible, appropriately supported, financially feasible, and that results in the highest value. The four criteria the highest and best use must meet are legal permissibility, physical ...
Zoning is a law that divides a jurisdiction's land into districts, or zones, and limits how land in each district can be used. [1] [2] In the United States, zoning includes various land use laws enforced through the police power rights of state governments and local governments to exercise authority over privately owned real property.
Ballston Quarter in Arlington, Virginia, part of the Baltimore-Washington metropolitan area, is transit-oriented, mixed-use and densified, giving a "downtown" feel in an edge city. Mixed use is a type of urban development, urban design, urban planning and/or a zoning classification that blends multiple uses, such as residential, commercial ...
Blum called the town's zoning plan a "ruse," saying he fears it'll lead to the state forcing Wayland to build denser housing on top of Coltsway when the town's zoning plan fails to produce new ...
The 104-19 vote Tuesday means that Sudbury will rezone portions of the town to make it possible to build more dense housing. The MBTA Communities zoning law is a state initiative aimed at ...
Planning firm George M. Janes & Associates is behind the challenge, Real Estate Weekly first reported. The challenge argues that a 161-foot-tall mechanical void in the planned skyscraper is larger ...
History. The idea of a department of Urban Affairs was proposed in a 1957 report to President Dwight D. Eisenhower, led by New York Governor Nelson A. Rockefeller. The idea of a department of Housing and Urban Affairs was taken up by President John F. Kennedy, with Pennsylvania Senator and Kennedy ally Joseph S. Clark Jr. listing it as one of the top seven legislative priorities for the ...
Massachusetts Comprehensive Permit Act: Chapter 40B. The Comprehensive Permit Act [1] is a Massachusetts law which allows developers of affordable housing to override certain aspects of municipal zoning bylaws and other requirements. It consists of Massachusetts General Laws (M.G.L.) Chapter 40B, Sections 20 through 23, along with associated ...
So where does CDD fit into this picture? CDD is a quasi-governmental entity originally set up by the developer of any given community. It is a medium- to long-term municipal bond which was used to ...
Multiple listing service. A multiple listing service ( MLS, also multiple listing system or multiple listings service) is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation (among brokers) and accumulate and disseminate information to enable appraisals.