Last week Governor McAuliffe signed into law a bill adopted by the Virginia General Assembly that will impact the permitted substance of proffered conditions throughout the Commonwealth of Virginia – particularly as related to projects with a residential component. The new law has the potential to significantly affect the legal positions of landowners and developers and creates new rules for all pending and contemplated proffered land use projects. In our judgment the new law creates risks, offers some opportunities and raises important procedural considerations for proffered rezonings. There are also nuanced exceptions to the law that may be applicable in urban or transit oriented areas of many NOVA localities. In the coming weeks, we expect the localities to issue initial statements and positions concerning their view of the nature and extent of such exceptions.