Value Capture: Development Impact Fees

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Value Capture: Development Impact Fees

File Language:

English

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Corporate Creators:

United States. Department of Transportation. Federal Highway Administration. Office of Innovative Program Delivery
Contributors:

Bishop, Thay
Subject/TRT Terms:
Resource Type:

Brief
Geographical Coverage:

United States
Corporate Publisher:

United States. Department of Transportation. Federal Highway Administration. Office of Innovative Program Delivery
Abstract:

Development Impact Fees are one-time charges levied by local governments on new development. They are charged to developers to help municipalities recover growth-related infrastructure and public service costs. They differ from other forms of value capture including special assessments and negotiated exactions, in that impact fees can be used to pay for off-site services such as local roads, schools, or parks. Development impact fees are typically determined through a formulaic process, rather than through negotiations as done for developer contributions. Development impact fees are used by local governments throughout the United States to fund transportation improvements.
Format:

PDF
Download URL:

https://rosap.ntl.bts.gov/view/dot/55660/dot_55660_DS1.pdf
File Type:

[PDF - 380.67 KB]
Collection(s):

Federal Highway Administration
Main Document Checksum:

urn:sha-512:159463472fe06680001e7c4691ca7179d708b2c25254ffed9e6bfbfcfcc7becf7ea29c7423a7a87ba8a7e6c4de3d1ca3831d63217e91d98ad697994ff65e256e

File Language:

English

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