CDD != Bond


I don’t believe there would be a bond without a CDD but a CDD does not require a bond.

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Go to thevha.net, hover on The Voice, scroll down to VHA news and notes, click on Special Presentation and toward bottom click on Special Presentation, Where Does Your Money Go? Will cover all this stuff.

Bonds can be justified and issued by most any government body in the state, a CDD is one of those types of bodies.
Bonds can be issued for any number of reasons, the bonds most spoken of here in TV are development bonds for the cost of building the infrastructure but there are others in use here. VCCDD is issuing bonds for the purchase fire stations and SLCDD will be issuing additional bonds for the purchase of amenities, Sumter County issued bonds for the construction of the new county service center and fire training center.

Are these CDD bonds tax exempt municipals?

If you were in the market to buy a home and you had a choice of basically two identical homes priced the same. One with the bond paid and one not. Would you choose the home that has the added yearly expense of $1,500+, for example, over the home that doesn't have that extra yearly expense?

Look at the bond being paid as an added feature of your home just like having a pool or an enclosed Lanai or any other feature that will make your home more attractive to potential buyers. Some of the bonds in the newer areas $40-$50K can add a significant yearly cost to owning that home with interest rates the way they are right now.

If all else was the same then of course I would choose the home without the bond. However, if the home has been around long enough that an owner has paid the bond then it is unlikely that all else is the same.

For me, location mattered more than the yearly bond payment.

No, to the best of my internet knowledge. The developer was in a multi year battle with the IRS over taxes and the bonds that ended a few years back.