With their laser focus on the 55-and-older market, I wonder if home builders and developers might be overlooking an emerging niche: singles.
Court Temporarily Halts Builder-Friendly Land Policy
Until recently, landowners could sell wildlife lands to the federal government for a market value so fair it rivaled the profits from developing that land.
|Learn more about the Habitat Conservation Planning program on the U.S. Fish and Wildlife Service Web site at http://endangered.fws.gov/policies/index.html#hcp.
Under the federal Habitat Conservation Planning program, the government paid builders to set aside undeveloped land while allowing them to develop portions where development was deemed risk-free to the habitat. Land nationwide remains eligible for the program.
But on Sept. 30, a federal district court in Washington effectively placed a moratorium on new applications. The eco-activist group Spirit of the Sage Council sued and won a court decision against a "no surprises" policy linked to the permitting process. "No surprises," simply put, protects landowners from liability. For instance, the government couldn't rescind terms of a completed HCP deal unless the deal threatened an entire species for some unforeseen reason.
HCP applications already received will continue being processed.