New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 86 - TRANSFER OF DEVELOPMENT RIGHTS REAL ESTATE MARKET ANALYSIS REPORT
Subchapter 2 - MARKET ANALYSIS REPORT
Section 5:86-2.6 - Receiving zone analysis
Universal Citation: NJ Admin Code 5:86-2.6
Current through Register Vol. 56, No. 18, September 16, 2024
(a) The receiving zone analysis section of the market analysis report shall contain at least the following:
1. An analysis of the
extent and types of development authorized by the base zoning of the receiving
zone and its physical characteristics as provided for in the draft development
transfer element prepared pursuant to
40:55D-141. Said analysis shall
include, but not be limited to:
i.
Consideration of the receiving zone's topography, publicly or privately held
open space or conservation easements, configuration, existing development
patterns, transportation access, environmentally constrained areas and other
appropriate characteristics; and
ii. All major subdivision and site plan
applications involving land in the receiving zone that were approved by the
appropriate land use board during at least the preceding two-year period;
and
2. An opinion, based
on economic modeling, as to whether the density and uses proposed in the
receiving zone in the municipality's draft development transfer element can be
supported by the market. Said opinion shall take into consideration the past
and current and anticipated future demand for real property at the zoning
proposed for the receiving zone. The population and economic growth estimates
and analysis incorporated in the municipality's draft development transfer
element shall serve as the basis for the evaluation of future demand.
Disclaimer: These regulations may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
