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ARTICLE · 19 MAY 2020

North Carolina Extends Certain Real Property Development Approvals

Ward and Smith, P.A
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Pursuant to Senate Bill 704, signed into law on May 4, 2020 (the "Act"), the expiration of those approvals and related vested rights is stayed for five (5) months.

United StatesReal Estate and Construction
Samuel B. Franck
Samuel B. Franck
Kristin D. Mitcham
Kristin D. Mitcham

This week the General Assembly of North Carolina provided some relief to developers with active development approvals. 

Pursuant to Senate Bill 704, signed into law on May 4, 2020 (the "Act"), the expiration of those approvals and related vested rights is stayed for five (5) months.  The purpose of the Act is "to provide Aid to North Carolinians in response to the Coronavirus Disease 2019 (COVID-19) Crisis" and Section 4.40 includes the extension of local government approvals affecting the development of real property within North Carolina. 

Development approval and vesting rights extended

The Act provides that any development approval that was current and valid at any point during the timeframe between March 10, 2020 and April 28, 2020 will have its expiration date and associated vesting rights extended for five (5) months.  The Act defines a "development" as

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