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Riverside council adopts University Avenue density‑transfer pilot to unlock housing on city‑owned parcels
Summary
The City Council unanimously approved a pilot program allowing transfer of residential development rights within the University Avenue specific plan corridor, using both a bank and direct‑transfer method to make small city‑owned parcels more feasible for housing development while keeping the corridor's total capacity unchanged.
The Riverside City Council voted unanimously on April 21 to adopt a University Avenue density‑transfer pilot program intended to accelerate housing production on small, city‑owned surplus parcels along the University Avenue corridor.
Planning staff described a two‑track approach: a bank method, where underbuilt donor parcels surrender unbuilt residential capacity to a central bank and receiver sites withdraw units; and a direct transfer method, where developers negotiate transfers…
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