In Monroe County we have a comprehensive land use plan. The "comp plan" regulates and promotes safe growth in the Florida Keys. In the Keys only 88 new residential permits are distributed each year. Very soon the "point" system will change, but for now and in the immediate past, to get a building permit an owner had to "earn" points. One way to inch higher up on the point ladder is with a "nutrient reduction credit."
Nutrient credits are earned by replacing a cesspit or upgrading a cesspit (or substandard system) to a secondary treatment plant or an advanced treatment plant.
You must earn a nutrient reduction credit within the same ROGO area as the parcel you want to build on. Beginning on July 13, 2003, Monroe County allocated 41 nutriend credits for market rate units. Market rate units are normal, regular new residentlal construction.
The other kind of units are "affordable housing units" which now have a deed restriction, but did not during the last 10 years. The purpose of affordable rate units is to keep work force housing in Monroe County. Monroe County is allocated 193 nutrient credits for affordable housing units.
For help choosing and buying your own piece of Florida Keys paradise that can only get more valuable, call me at (305) 522-1398 or e-mail me at Maya@RealEstateFloridaKeysInfo.com.
Maya M. Thomas
REALTOR®
http://www.showcaseportfolioproperties.com/
http://www.myspace.com/topkeysrealtor
The Keys have been my home for nearly 30 years. Your ultimate source for real estate information, Key West and luxury estates, waterfront real estate, waterfront lots, distinctive residences.
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Good post, I have not heard of this before the posting. I will look into "Nutrient Reduction Credit" becuase it sounds interesting and I love expanding my knowledge base.
Thank you.
Good post, I have not heard of this before the posting. I will look into "Nutrient Reduction Credit" becuase it sounds interesting and I love expanding my knowledge base.
Thank you.
It does sound strange, doesn't it!? We have our own special vocabulary in Monroe County. We were first county in Florida to have a Land Use Plan imposed. It brought a whole new language and created scarcity that increased our prices and keeps people frustrated and confused.
Thank you for your comment!
Warm wishes,
Maya