Community Informed Real Estate Development Transactions
We assist developers and community coalitions in creating community benefit agreements relating to new housing and commercial real estate developments.
Community benefit agreements are complex, multi-party contracts executed by community-based organizations and proposed developers to create developer commitments address community needs. Common topics include worker wages, transportation, locally sourced materials, noise, and community input, ongoing involvement, and oversight.
Austin City Council evaluates community benefit agreements in consideration of whether to approve permitting of new projects in conditional use areas. This allows key community stakeholders to engage in interest based negotiation directly with development plans. These dialogues are important in creating working partnerships as efforts are made to transform local economies.
Attorneys are needed to: identifying essential stakeholders, negotiate terms, and use skillful and well considered drafting to encourage enforceability and remedies.