CDD vs NO CDD FAQ’s Drop your questions in the comments. скачать в хорошем качестве

CDD vs NO CDD FAQ’s Drop your questions in the comments.

CDDs are special-purpose local government entities created to plan, finance, construct, and operate community-wide infrastructure and amenities a CDD (Community Development District) focuses on community infrastructure and amenities, funded through property taxes, while an HOA (Homeowners Association) manages community rules, common areas, and property values, funded by homeowner dues. Examples of Infrastructure: Roads, utilities, parks, recreational facilities, and sometimes even sewer and water systems. Funding: CDDs are funded through a non-ad valorem assessment, which is a fee added to your annual property tax bill. Governance: CDDs are typically managed by a board of directors, and their meetings are public. Bonds: CDDs often issue bonds to finance infrastructure projects, and homeowners are responsible for repaying these bonds through their property tax assessments. Long-Term Focus: CDDs are designed for long-term infrastructure planning and maintenance. Homeowners Association (HOA): Purpose: HOAs are private entities that manage and enforce rules and regulations within a residential community. Examples of Responsibilities: Maintaining common areas, landscaping, architectural guidelines, and community aesthetics. Funding: HOAs are funded by homeowner dues, which are typically paid monthly, quarterly, or annually. Governance: HOAs are typically run by a board of directors elected by homeowners. Rules and Regulations: HOAs often have covenants, conditions, and restrictions (CC&Rs) that outline what homeowners can and cannot do with their properties. Focus: HOAs focus on maintaining community standards, property values, and the overall appearance of the neighborhood.