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County planning staff reviews transfer‑of‑development‑rights pilot, says 28 certificates in bank
Summary
Santa Fe County planning staff on April 17 updated the Planning Commission on the county’s Transfer of Development Rights (TDR) pilot program, reporting that three private owners have produced 11 certificates and the county currently holds 28 certificates in a nascent TDR bank.
Santa Fe County planning staff presented an update on the county’s Transfer of Development Rights (TDR) program to the Planning Commission on April 17, describing how the voluntary program works, current pilot outcomes and next steps toward a TDR bank and pricing methodology.
Herbert Foster, a growth management team lead, summarized the TDR mechanics: owners of environmentally, culturally or agriculturally sensitive land can voluntarily sever (permanently relinquish) development rights on a parcel and receive certificates that can later be sold to developers who want higher density in designated receiving areas. Foster described the typical incentive structure used by the county: "Certificates…
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