Bond maturity date.

[LouGraf]

Does the time of the bond maturity start when the house is finished being built or does it start when the home is titled buy the first buyer?

[Goldwingnut]

The development bond is tied only to when it is issued by the CDD and the financial firm responsible. The bond really isn't about the house, it is for the development of the properties and infrastructure needed to support the house. Without the bond and what it pays for you would have a house in the middle of a cow pasture with no roads, water, sewer, storm drains, sidewalks, and electricity (and a lot of other things). It's possible if you were to buy the last lot or house in a section covered by a development bond that had been issued 2 years earlier that the bond on your home would have a 28 year maturity, the first 2 years would have been paid by the developer.

[Debfrommaine]

The development bond is tied only to when it is issued by the CDD and the financial firm responsible. The bond really isn't about the house, it is for the development of the properties and infrastructure needed to support the house. Without the bond and what it pays for you would have a house in the middle of a cow pasture with no roads, water, sewer, storm drains, sidewalks, and electricity (and a lot of other things). It's possible if you were to buy the last lot or house in a section covered by a development bond that had been issued 2 years earlier that the bond on your home would have a 28 year maturity, the first 2 years would have been paid by the developer.

Great explanation, appreciate your fact sharing.

[LouGraf]

Thank you very much for that thorough explanation.