[villages07]

The short answer is that the purchase price of a home is not impacted by the recreation bonds.

The monthly amenity fee covers both the bond debt for purchase of amenities As well as the ongoing maintenance and operation of the amenities. Once you purchase your home, your amenity fee increases are capped to inflation rates.

Now, that doesn't prevent the VCCDD from establishing a much higher base amenity rate for new purchasers in the future should there be a big shortfall due to IRS or other unforeseen factors.