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Originally Posted by villages07
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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I attended the CDD orientation today and that is how I understood the infrastructure debt works, just as 07 wrote.