Bills

South Carolina’s rapid development presents a critical challenge: balancing the need for growth with land preservation. Transferable Development Rights (TDR) programs offer a market-based solution to ensure land preservation and smarter growth. With TDRs, landowners can sell their land development rights to developers, who can then use those rights to build more thoughtfully and densely in designated growth areas. This innovative approach provides landowners with financial incentives to preserve their valuable land, while simultaneously encouraging responsible development that combats sprawl and enhances community. This bill would empower local communities to embrace this approach by enabling the transfer of development rights between landowners, outlining the key elements of local ordinances to manage these transfers effectively, and authorizing two or more local governments to collaborate in creating regional TDR programs.