What does TDC mean in US GOVERNMENT

Transferable Development Credits (TDC) allow developers to build more densely than zoning ordinances would otherwise permit. This can lead to development that is more compact, efficient and responsive to the needs of a given community. With TDCs, excess density from one project is 'banked' and then transferred for use on another project elsewhere in the region. This helps local jurisdictions meet housing and other development goals without compromising local zoning standards.

Developers generally acquire transferable development credits through an agreement with the local jurisdiction. The local zoning ordinance may allow TDCs to be transferred from certain projects as they are completed, or they may involve an agreement between two developers that allows credits to be exchanged between them. In some cases, developers may purchase credits on the open market.

Regulations governing transferable development credits vary by jurisdiction. Generally speaking, regulations limit the number of credits that can be transferred and where they can be used. Additionally, many jurisdictions require that any transfers of credit include mechanisms for addressing potential impacts such as traffic congestion or environmental concerns.

The primary benefit of using transferable development credits is that it allows for denser, more efficient development without requiring changes to existing zoning ordinances or regulations. This provides municipalities with greater flexibility when it comes to meeting their planning goals while still protecting existing communities from unchecked growth and over-development.

As with any type of land-use regulation, there are potential risks associated with using TDCs. For example, if TDCs are sold on an open market as opposed to being exchanged among two developers, there could be manipulation of prices which could lead to speculation in land values and disruption in local markets. Additionally, if too many TDCs are sold in one area at once it could lead to rapid growth and over-development which could have negative impacts on existing communities and infrastructure.

Responsibility for tracking transfers of credit varies by jurisdiction but typically this responsibility falls on the local government or planning agency within the municipality where the project is located. It is important for all parties involved in a transfer — including both sellers and buyers — to ensure compliance with applicable laws and regulations regarding transfers.

The frequency of renewal/review also varies depending on local policies but typically these reviews occur every three years or when major changes are made to a project such as significant expansion or updating plans in order to comply with new laws or regulations.

Yes — usually there will be limits set out by each jurisdiction regarding how many TDCs a developer can obtain over time which is meant as protection against sudden massive growth spurts beyond what's expected in an area.

In most cases this would not be possible though some jurisdictions may make exceptions depending on specific conditions such as mitigating potential effects brought about by transferring excess density from one area into another.