Quote:
Originally Posted by Normal
It’s all on the builder. Bonds are high because the builder freeloads off the county. If The Developer paid impact fees in line with the rest of the state, this discussion would be moot. Average impact fees in the state of Florida for 2023 were about 27,000, but not for our Developer.
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Without CDD Bonds, The Villages would not exist ... nor would Lakewood Ranch.
CDD's were created by the Florida Legislature, to promote the development of land that was unlikely to be developed without incentives (the use has expanded in the last 15-20 years). It's a lot like electric cars. No one wants to buy them without government incentives and no one would have ever moved to The Villages, unless the government provided a way to subsidize the development and construction.
It's also a way for homes to appear to be priced for less than they really are ... you're not paying all the land cost up front.
Impact Fees and CDD Bonds, are apples & oranges. The average per home cost of Impact Fees in Florida, is slightly under $10,000/unit.