Question

The Druid Hills neighborhood sits firmly within a single-family residential zoning area. Most of the lots are one-third of an acre or larger. A 20-acre parcel on the edge of the neighborhood sold recently. The buyer wants to build condominium flats since multi-family housing is in short supply in the area. The town is considering rezoning that parcel to allow this development because the developer plans to also include a public park and a walking trail. What kind of zoning is this?

Answer 1

Incentive zoning

Step-by-step explanation:

The answer is Incentive zoning. It is also known as Bonus zoning.

In incentive zoning the developer gets the benefits for building in the areas where it requires development. It offers the rights to a constructor or the developer in exchange of public benefits to the society. This includes building of public amenities like public park, walking trail, bike facilities, public plazas, affordable houses, etc.

Now when the buyer wants to build a condominium flats in the area and the town is considering to rezone the area, the area will be rezone as incentive zone.

Thus the answer is Incentive zoning.