In an attempt to limit the size of houses throughout the Town of New Castle, the town board is proposing legislation that would add Floor Area Ratio (F.A.R.) requirements to the town’s zoning code. This legislation will effect EVERY residential property in New Castle by restricting the total floor area of every proposed residential project; new homes, as well as additions.
Comments made at the 11/28 public hearing suggested that the proposed legislation may reduce the available buildable area in some districts by almost 50%.
How restrictive will the new F.A.R. code be? The board claims that the proposed legislation will leave most homes in compliance with the new code.
How will this legislation effect the value of homes in New Castle? How much of a home’s value is based on its expansion possibilities?
How will this legislation effect revenue for the town? Fewer improvements. Smaller homes. Fewer building permits. Will taxes need to be increased to compensate for reduced revenue growth?
The next public hearing is scheduled for December 12 at 8:00PM.
***
Update: Click here for a copy of the proposed legislation.
