Collaborate • Advocate • Educate
Thank You to our 2023 Lead Investors:
Blue Ridge Companies
The Carroll Companies
D R Horton
Signature Property Group
In “The Economic Impact of Real Estate Development in Guilford County,” Dr. G. Donald Jud studied construction activity in 2004, a very normal year for development – neither depressed nor over-heated. It looked at economic impact (net of public services costs) during construction and for the first 10 years of occupancy of average single family, condo/townhouse, apartment, office, retail and industrial projects.
Impact fees are a local government tax on new development to fund new or expanded public infrastructure that is “off-site” (not on, or immediately adjacent to, the development project. First, know that new development already pays for all “on-site” and adjacent public infrastructure, such as sidewalks, streets, water & sewer lines, stormwater ponds, street lights, traffic lights and turn ones. Many developments also provide recreation facilities that relieve burdens on public facilities.
Inclusionary Zoning 101
Inclusionary Zoning (IZ) is regulation that requires a percentage of all residential dwelling units in a development to be sold/rented at a price that is affordable to persons in low-income ranges; and then sold/rented only to low-income customers for some number of years into the future (even for homeowner-to-homeowner re-sales.)
President, Vice President & Governor TREBIC Level Members as well as Greensboro Chamber Board of Directors and Government Affairs committee will join the Elected Officials from Greensboro, High Point, Guilford County and Guilford, Alamance, Randolph and Rockingham County Delegations for an intimate luncheon at Grandover Resort during the year. Networking begins at 11:30 followed by lunch and a special program which will conclude by 1:15. If you wish to be a part of the Political Leaders Luncheon Series please contact Jon, Judy or Lee Ann.