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Home / Action Items / Multiphase developments may soon get vesting rights (access required)

Multiphase developments may soon get vesting rights (access required)

The North Carolina General Assembly has passed a bill granting vesting rights to multiphase projects, in effect providing assurance to developers that they can carry out their original plans  when governing bodies change development rules after a site plan has been submitted. The bill, ratified on July 1, awaits Gov. Pat McCrory’s signature. The bill grants ...

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