Rio de Janeiro, RJ incentivizes residential development in business district with Reviver Centro
Rio de Janeiro, RJ Reviver Centro Incentivize Development
Municipal officials sought to revitalize the Central Business District (CBD) by turning it into a 15-minute neighborhood. Reviver Centro attracts new housing units in the CBD with tax exemptions during development. Participating developers are prioritized for 40 square meters of commercial space for every 100 square meters of housing built. Fees generated by Reviver Centro projects are allocated for bike trails, pocket parks, and a subsidized housing program.
Links
Innovative Climate Solutions - C40 Cities
Recognising a city-led project using innovative solutions to achieve net zero by 2050. Finalists: Freetown, Quezon City, Rio de Janeiro, São Paulo
Reviver Centro
Create your own initiative by combining existing applications with a custom site. Use this initiative to form teams around a problem and invite your community to participate.
Project geslaagd
City officials reported that 1,317 housing units were licensed in the program's first year. Rio de Janeiro was named a finalist in the Innovative Climate Solutions category at the C40 Cities Bloomberg Philanthropies Awards.
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