CDD

CDD
Community Development Districts are getting more and more popular among politicians, developers and the whole connected industry. Local politicians love them, figuring they get all the future property taxes without having to invest anything. Developers can create their own little kingdoms without being supervised. They can write their own ticket and make huge profits without any big risks to them. The public bonds will finance all the necessary investments and if financial losses can't be avoided the homes of the people are the collateral for possible losses. Miscalculation from developers can be covered with money from the homeowners.

As in most cases the idea behind creating Community Development Districts is really good. But lack of supervision from the government agencies, which initially created these communities within communities, and the lack of enforcement of the existing Statutes, has definitely made many people think twice about the advantages of these developments.