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 gro...

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Bibliographic Details
Main Author:	Dharmavaram, Soumya
Format:	Brief
Language:	English en_US
Published:	World Bank, Washington, DC 2013
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 http://hdl.handle.net/10986/16113

Description
Summary:	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.

Land Value Capture in Urban DRM Programs

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