Land Value Capture in Urban DRM Programs

Risk-sensitive land use planning is vital for sustainable economic development and effective Disaster Risk Management (DRM). Urban development programs should adopt risk-sensitive land use planning to encourage resilient development guiding the growth of people, assets and services within and away from hazardous zones. Many East Asia and the Pacific (EAP) countries have national land use policy and local plans which incorporate risk assessments; however, they typically lack the means for their implementation and incorporation into development planning. This note introduces the potential of Land Readjustment (LR) and Transfer of Development Rights (TDR) for DRM as seen in their application in Brazil, India, Japan, and the US. The note recommends that if municipalities build capacity for strategic land management, LR and TDR can be used effectively to finance and implement risk-sensitive land use plans. LR offers to accommodate and plan for risks with minimal displacement while TDR promises to equitably relocate development away from hazardous sites through the real estate market.

Bibliographic Details

Main Author:	Dharmavaram, Soumya
Language:	English en_US
Published:	World Bank, Washington, DC 2013-07
Subjects:	ACCESS TO LAND, APARTMENT, APARTMENT BUILDINGS, ASSETS, AUCTIONS, BONDS, CADASTERS, CITIES, CITY PLANNING, COLLECTIVE HOUSING, COMMUNITIES, COMMUNITY BASED PLANNING, COMMUNITY DEVELOPMENT, CONSOLIDATION, CONSTRUCTION, CONVEYANCE OF PROPERTY, FAMILY HOMES, FINANCIAL INCENTIVES, FINANCIAL INSTITUTIONS, HABITAT, HAZARD, HAZARD ZONING, HOUSING, HOUSING MARKET, HOUSING PROJECT, HOUSING STOCK, HOUSING SUPPLY, INCOME, ISLAMIC DEVELOPMENT BANK, LAND ADMINISTRATION, LAND DEVELOPMENT, LAND MANAGEMENT, LAND MARKET, LAND OWNER, LAND OWNERSHIP, LAND PRICES, LAND SPECULATION, LAND TENURE, LAND TITLE, LAND USE, LAND USE PLANNING, LAND USE REGULATIONS, LAND VALUE, LAWS, LEGAL FRAMEWORK, LEGISLATION, LOCAL GOVERNMENTS, LOCAL LEVEL, LOW-INCOME HOUSEHOLDS, MAINTENANCE COSTS, MANDATES, MARKET VALUE, MUNICIPAL, MUNICIPAL GOVERNMENTS, MUNICIPAL TAXES, MUNICIPALITIES, MUNICIPALITY, NEIGHBOURHOODS, PRIVATE DEVELOPERS, PRIVATE LAND, PRIVATE PROPERTY, PROPERTY OWNERS, PROPERTY RIGHTS, PROPERTY TAXES, PROPERTY VALUE, PROVISIONS, PUBLIC, PUBLIC AGENCIES, PUBLIC BENEFITS, PUBLIC EXPENDITURE, PUBLIC FINANCE, PUBLIC HOUSING, PUBLIC INFRASTRUCTURE, PUBLIC PROJECTS, PUBLIC SPACES, REAL ESTATE, REAL ESTATE MARKETS, RESETTLEMENT, RISK MANAGEMENT, RISK REDUCTION, ROADS, RURAL AREAS, SEWAGE, SHELTER, SLUM UPGRADING, SLUMS, STATE GOVERNMENT, STATE GOVERNMENTS, STREETS, TAX, TAX REVENUES, TAXATION, URBAN DEVELOPMENT, URBAN GROWTH, URBAN INFRASTRUCTURE, URBAN LAND, URBAN MANAGEMENT, URBAN PLANNING, URBAN PLANS, URBAN POLICY, URBAN POOR, URBAN POVERTY, URBAN POVERTY ALLEVIATION, URBAN TRANSPORTATION, URBANIZATION, UTILITIES, WATER SUPPLY, ZONING,
Online Access:	http://documents.worldbank.org/curated/en/2013/07/18136410/land-value-capture-urban-drm-programs https://hdl.handle.net/10986/16113
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