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
ban, halt, suspend development, stop

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.