GCAA along with REBIC and other real estate community partners continue to review and work together on case studies and other tools to demonstrate the economic impact of the proposed UDO regulations on affordable housing and development and construction costs.
On November 12, the Charlotte Department of Transportation (CDOT) released for public review and comment a draft of the Comprehensive Transportation Review (CTR) Guidelines. These guidelines will support the proposed regulations in the UDO and 2040 Comp Plan and will implement the mobility and infrastructure goals of the 2040 Plan. They are critically important to the multifamily industry. Why?
- These are the technical details and standards that will replace the City’s current Traffic Impact Study (TIS).
- These will define a new multimodal transportation review and mitigation process for development projects as referenced in the UDO (Article 33).
- These will implement the mobility policies of the 2040 Plan with a focus on multimodal investment and transportation demand management.
- Some of the proposed regulations would make the development community responsible for off-site multimodal infrastructure such as pedestrian improvements, etc.
The CTR guidelines are available for download, review, and comment at: https://charlottenc.gov/Transportation/PlansProjects/Pages/Streets-Manual.aspx
- The public review process for the CTR guidelines is following the timeline of Draft UDO with the first draft review period ending on January 14, 2022.
- In addition, the CTR guidelines will be evaluated with the UDO’s Economic Impact Analysis to include development site and scenario testing. For more information on the UDO Economic Analysis go to: https://charlottenc.gov/charlottefuture/pages/default.aspx
- The CTR guidelines will be revised with consideration given to community feedback, and a second draft will be released in March 2022 with mark-up displaying changes.