Lately, TDCs (Transfer Development Credits) have been in the news in our area. TDCs were devised to allow local ranchers or farmers to keep their acreage untouched, if they have property they could develop. Instead, they may take those lots and arrange to transfer the development rights to a so-called Transfer Site, through sales to developers.
Transfer Sites are areas where the County decides more development can theoretically be built without destroying the character and atmosphere of a neighborhood. The rancher/farmer sells his credits to a developer, realizing a profit from his land, and the developer then obtains the right to split a property within the Transfer Site area and build on the lots thus created.
Next Week: Who Wins, Who Loses?