| Title | Value Capture: Development Impact Fees |
|---|---|
| Record ID | 74783 |
| Personal Name Contributor |
Bishop, Thay |
| Corporate Creator | United States. Department of Transportation. Federal Highway Administration. Office of Innovative Program Delivery |
| Publisher | United States. Department of Transportation. Federal Highway Administration. Office of Innovative Program Delivery |
| Publication Date | 20180101 |
| Language | English |
| 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. |
| Rosap ID | dot:55660 |
| Rosap URL | https://rosap.ntl.bts.gov/view/dot/55660 |
| TRT Terms | Value capture; Improvements; Land values; Impact fees |
| Geographical Coverage |
United States |
| Resource type | Brief |
| URL | https://ntlrepository.blob.core.windows.net/lib/74000/74700/74783/program_value_cap_development_impact_fees.pdf |
| Format | |
| Database | NTL Digital Repository |