The State Newspaper reported on April 13 that Lexington County Council plans to suspend subdivision developments for the next six months. The proposed ordinance had its first reading that day, and The State, in an article written by Bristow Marchant, reported that County Council invoked a “pending ordinance rule”, which will require staff to refrain from accepting applications immediately.
County Council indicated it plans to review its standards during the six-month moratorium. The State reports that the ordinance will affect applications to develop ten or more lots for new housing, subdivisions with lots of less than half an acre, and developments with some “attached land use activities.”
Completed applications will continue to move through the system.
We have seen other counties and municipalities impose similar freezes. Notably York County and Hilton Head Island have taken similar action in the past.
We are in the middle of a “sellers’ market”, with inventory in housing being a major impediment to residential sales. This moratorium is likely to exacerbate that situation in the midlands.