Density Bonus
Definition
An incentive that allows developers to build at higher densities in exchange for providing public benefits like affordable housing.
Purpose
Encourage development of public amenities and affordable housing through market incentives.
Examples of Use
- Increasing building height allowances.
- Allowing additional floor area.
- Reducing parking requirements.
- Providing community facilities.
- Enhancing public spaces.
Related Terms
- Zoning Incentives
- Development Controls
- Affordable Housing
- Public Amenities
- Urban Planning
Notes
Density bonuses help achieve public policy goals through private development, promoting balanced urban growth.
