Florida Developers Unlock Up to 35% More Density Through Graywater Reuse
Ultimate Growth Partners is working with investors, developers, land use planners and lawyers, Civil and MEP engineers, and entitlement specialists to help reduce the housing shortage by expanding broad adoption of Florida’s graywater density bonus, which is turning water conservation into a lucrative development strategy.
Florida Statute 403.892, Incentives for the Use of Graywater Technologies, provides qualifying residential projects with a massive density increase of up to 35% when graywater reuse systems are incorporated into the development.
The statute also provides that the graywater bonus can be in addition to any other local density bonus or increase. You can stack this density bonus on top of TDRs, the Live Local Act, or any other increase that is allowed or has been negotiated by local authorities.
For multifamily developers, the opportunity can be substantial -millions of extra revenue for investors. Considering the new efficiency of graywater recycling systems, the price of the technology that unlocks the density bonus is very small compared to the return on investment of a 35% increase in allocations.
All Parties Benefit Financially
The Developers & Investors cash in on the added ROI from the bonus units.
The end Owners & Operators save annually on water and wastewater fees.
The Local Utility & Municipality benefits from a reduced burden on infrastructure.
The Local Municipality can earn up to 35% more property tax revenue on qualified projects.
Can Graywater Reuse Unlock Additional Density On My Property?
~This is the new first question you need to ask your development team.
Call to learn more. Ultimate Growth Partners: (321) 210-8738.
