A-B-C, it’s easy as 1-2-3… or is it? If you’re scratching your head trying to keep the vernacular straight in Seattle’s Commercial Real Estate (CRE), you’re not alone! As the city council gets ready to vote on Mandatory Housing Affordability (MHA) regulations today, it can be tough to keep straight all the various terms, phrases and associations they refer to during deliberations.
From ADU to TOD, we’re breaking down some of the most common acronyms used in Commercial Real Estate below. Follow along as we go through the ABC’s of CRE (commercial real estate)!
Commercial Real Estate Acronym Dictionary
ADU – Accessory dwelling unit, these can be attached (AADU) or detached (DADU)
AMI – Area Median Income
CID – Chinatown-International District
DCI – Department of Construction and Inspections
DNS – Determination of Non-Significance
DON – Delivery Order Number
DRB – Design Review Board
EDG – Early Design Guidance
EIS – Environmental Impact Study
FAR – Floor Area Ratio
FTS – Fast Track Settlement/Service (First Time Sewerage?)
HALA – Housing Affordability and Livability Agenda
Incentive Zoning – allows new development in certain areas to voluntarily achieve extra floor area in exchange for providing certain public benefits. New capacity allowed through the rezoning of a property must be earned through incentive zoning.
ISRD – International Special Review
LOS – Level of Service
LURC – Land-Use Review Committee
MFTE – Motor Fuel Tax Evasion
MHA – Mandatory Housing Affordability
MIZ – Mobile-Immobile-Zones
MUP – Master Use Permit
NAC – Neighborhood Advisory Committee
OPCD – Office of Planning & Community Development
PLUZ – City Council Committee on Planning, Land Use, and Zoning
SEPA – State Environmental Policy Act (environmental review process)
SLI – Statement of Legislative Intent
TDP – Transferrable Development Potential
TDR – Transferrable Development Rights
TOD – Transit Oriented Development