Talk of The Villages Florida - View Single Post - More info on Brownwood
Thread: More info on Brownwood
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Old 05-08-2008, 09:49 PM
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villages07 villages07 is offline
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Default Re: More info on Brownwood
GF,

I believe the developer is paying for the infrastructure debt for that portion of a CDD which he still owns. So, in a new district, the developer is paying all the carrying costs until buyers start moving in, then his share (and his influence on the CDD board for that district) diminish over time until it is fully sold out. Developer reps on that CDD board eventually give way to all homeowner reps.

I don't know this as a solid fact...but, I did look at some budget docs at one time for un- or underdeveloped districts and it showed the developer paying costs for the lots he still owned.

V07
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