Definitions for "Density Bonus"
An incentive some governments offer developers in an effort to encourage cluster development. Density bonuses provide developers with the ability to build additional units on limited space.
An increase in the site density of a development in exchange for affordable or special needs housing, or amenities.
Granting a developer additional square footage or additional housing units beyond that authorized in the zoning ordinance in exchange for the provision or preservation of an amenity at the same site or at another location.