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11-29-2023, 11:21 AM
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Veteran member
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Join Date: Nov 2011
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Quote:
Originally Posted by BrianL99
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.
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And for the Developer in Sumter County it's only $972 in The Villages.
Road Impact Fee Schedules | Sumter County, FL - Official Website
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