Nice communities in New Tampa/Wesley Chapel without CDD ?

[bentlebee]

Originally Posted by tanyasellstampa

The CDD is the government telling the new developer what they need to pay for the extra schools, fire, etc in a community. The rates vary by county. The HOA is for the developer. Usually with a lot of new of communities you will find they are keeping the HOA low until the CDD drops off, because they need buyers and if they are both high, they can't justify the price of the housing and the monthly payments. Mod edit:don't tell us about your listing,please...... I've seen communities when the CDD drops off, raise their HOA. Not sure what Ballantrae's plan is.

There are TONS of new home communities going up along 54 just above hillsborough near the express way. Which is driving down the prices in the established communities. It is a hot area up here, which is why I moved up from North Tampa.

I also have seen Communities where CDD have been dropped off. Unfortunately some common areas maintenance also has lacked some maintenance but these are of course older communities if we compare them to what is build right now.

[EngGirl]

Originally Posted by bentlebee

I also have seen Communities where CDD have been dropped off. Unfortunately some common areas maintenance also has lacked some maintenance but these are of course older communities if we compare them to what is build right now.

Can you name communities where CDD were dropped?

[EngGirl]

Originally Posted by tanyasellstampa

The CDD is the government telling the new developer what they need to pay for the extra schools, fire, etc in a community. The rates vary by county. The HOA is for the developer. Usually with a lot of new of communities you will find they are keeping the HOA low until the CDD drops off, because they need buyers and if they are both high, they can't justify the price of the housing and the monthly payments. Mod edit:don't tell us about your listing,please...... I've seen communities when the CDD drops off, raise their HOA. Not sure what Ballantrae's plan is.

There are TONS of new home communities going up along 54 just above hillsborough near the express way. Which is driving down the prices in the established communities. It is a hot area up here, which is why I moved up from North Tampa.

Another realtor and another misinformation.
CDD is not government telling developers anything. CDD is purely developers choice - to borrow money from the County and make future homeowners to pay it back + to pay for keeping everything up to standards for the future.
Developers have an option - to pay for everything out of pocket and get this money back from home selling prices. Most prefer to borrow and make people pay it off... CDD are not going into everything you mentioned. You are totally confused. Don't mix everything together. Things like infrastructure within/to communities are always were developers responsibility, not Counties. It's a part of community approval on County level.


I am sure you are not aware, but developers are paying impact fee and its spits between different entities like schools, fire, etc. but not in community - in County.
HOA are also not for developers. It's for people and to keep up community nice. There are bunch of examples when HOA didn't increase much - I can name some in Wesley Chapel. It changes within 10% in 12 years.


Can you name at least one existing community that dropped CDD?