The Transfer of Development Rights bill, HB 991, is moving forward in the General Assembly….  Rob Bell, R-Albemarle, said his House Bill 991 would help create a pilot project to allow a market for the sale of development rights through a broker.  It would allow landowners to sever their rights and sell them for use elsewhere.Creating a market for intangible development rights?  Creating a value for these is going to be very challenging.Learn more about TDRs at Charlottesville Tomorrow, and these are a few stories from RealCentralVa – October 2006, January 2007, October 2007It’s worth noting that the Realtors support this bill.

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