Building Moratorium

Definition

  • A time period of delay or postponement in the development housing or commercial structures.
  • A temporary halt or suspension to construction, usually to slow or ban the rate of unwanted development within a residential community.

Synonyms
suspend development, stop, halt, ban

Related Terms and Acronyms

  • Controlled Growth Definition,
    • A set of restrictions set by local government that governs the amount, type and density of new construction.
  • Key Lot Definition,
    • A lot of which ownership is essential in acquiring a piece of land for development, either because of its strategic location or the timing of the acquisition.
  • Not in My Backyard (NIMBY) Acronym,
    • Opposition from residents for proposed buildings or structures in a neighbourhood.
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