Lourdes Germán Director of International & Institute-Wide Initiatives at the Lincoln Institute of Land Policy, shares examples of land value capture, a policy approach by which communities recover and reinvest the land value generated by public investment and other government action.

1. LAND VALUE CAPTURE: EXAMPLES
DATE | PRESENTER(S) |
CONTACT INFORMATION
Lourdes German
Director, International & Institute-wide Initiatives
Lincoln Institute of Land Policy
lgerman@lincolninst.edu
April 2018

2. New York: Transfer of Development Rights
Synopsis: Acquisition of TDRs from landmarked buildings in 78 block zone
Select Outcome: Expected Yield for Public Improvement Fund is $20 million USD
Sources: Photo © Wall Street Journal; TDR Figures Gerald Korngold

3. San Francisco: Development Impact Fees
Synopsis: Monetary exactions charged to developers as a condition of development approval
Select Outcome: Yield for Public Investment - $423 million USD (FY 13-16)
Sources: Photo © City of San Francisco; Impact Fee Figures Lourdes German & Allison Bernstein; City of San Francisco, FY2014-15 & FY2015-16 Biennial Development
Impact Fee Report

4. Chicago: Charges on Building Rights
Synopsis: 2016/2018 zoning
amendments enable sale of
Floor Area Ratio (via
Formula)
Select Outcome: Revenues
allow investment in:
• Neighborhood
Opportunity Fund (80%)—
underserved
neighborhoods
• Landmark Fund (10%)—
restoration of landmarks
• Local Impact Fund
(10%)—public
improvements within 1
mile of development site
Sources: Photo © City of Chicago; ESRI;
Figures City of Chicago; Gerald Korngold

5. Brazil: CEPACS/Outorga Onerosa do Direito de Construir
Synopsis: National
Constitution of
1988, Brazil’s
Federal Law
10,257/2001; Pricing
of Floor Area Ratio
via Auction
Mechanism
Select Outcome:
Generates billions
for investment in
urban operations –
bus terminals,
parks, green areas,
transportation
corridors, slum
regularization,
drains, etc.
Sources: Photo © ArchiTravel;
Information Martim Smolka, Lincoln
Institute of Land Policy

6. Colombia: Betterment Contributions
Synopsis: Owners
of select properties
pay the municipality
a fee, which defrays
the cost of a public
improvement or
service from which
the owner
specifically
benefits.
Select Outcome:
Manizales, Colombia
used a single levy
imposed on 80% of
the City’s properties
to collect $24.6m
USD to finance
urban regeneration
Sources: Photo of Palogrande Stadium
Area © Tripadvisor;
Information Oscar Borrero Ochoa;
Lincoln Institute of Land Policy (Data is
for years 2008-2011)

7. Japan: Land Readjustment
Synopsis:
Landowners act
collectively (with a
municipality or
developer) to pool land
to accomplish a
redevelopment project.
Each land owner
receives a new parcel
that is a smaller holding,
but which has a greater
due to the
improvements made on
the land when the
redevelopment is
complete.
Select Outcome:
Greater Tokyo Railway
Large Scale
Redevelopment – Land
Readjustment was used
to assemble rights of
way.
Sources: Photo © Kampai
Japan.com; Information J.
Murakami

8. THANK YOU
DATE | PRESENTER(S) |
CONTACT INFORMATION