I live outside Tampa, in a CDD, and I have a hefty CDD payment, which is paid through my taxing jurisdiction. However, it is not handled the same and we don't pay interest on it, and if our CDD had not refinanced the loan, we wouldn't be paying one now. It is not financed over 30 years. It started out being financed over 10, and I can't pay off my share. So, I actually like the way it is separated out in the Villages, where I can choose to pay interest and pay over time, or pay it off.
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