Jet Jargon: CDD or Community Development District it's a lifestyle

Today is another Jet Jargon episode, with our guests Allie Penny, Zack Hendrickson and Chris Austin, combined, they have over 25 years of experience in the Real Estate Industry. Being the lender for a large builder in NE Florida they field questions from buyers and agents regarding the CDD or Community Development Districts. Listen in to their questions while the host Tracy Hayes who has 11 years experience on the board of a local CDD community.

Let’s dive in!

[00:01 - 07:15] Opening Segment .

• I welcome Allie Penny, Zack Hendrickson and Chris Austin.
• I share a brief introduction of my experience with Community Development Districts.
• Understanding the difference between HOA and CDD.
• The benefits of a CDD.
• How bonds work in a CDD.
• Budgeting and paying off bonds on a CDD.

[07:15 - 21:26] CDD as a Lifestyle Choice.

• Why CDD are more reliable, discussions not happening outside the board.
• The importance of representing everyone in the community.
• CDD as a lifestyle choice.
• How board members are chosen.
• Golf car communities restrictions and regulations.

[21:27 - 22:00] Being part of a CDD community.

• Public information of the CDD.
• I share my experience from being on a CDD board.
• How these communities improve the living conditions for every member in the community.

[22:01 - 29:52] Closing Segment

• Home values on CDD.
• What to look for when considering joining a community.
• Final words

Tweetable Quotes:

“I had many people come, say I don’t  want to live in a CDD community, they go around the different communities and they end up in a CDD community because that’s the lifestyle they want”  - Tracy Hayes.

“Tracy’s goal and our goal  was to focus on getting rid of the negative connotation CDD seems to have for some reason” - Chris Austin.

You can reach out to Chris by texting 904-881-4690 or calling 904-479-7509. You can also email chris.austin@jethl.com , Facebook or check out his webpage to know how he can help you with home loans. 

Connect with Allie on Facebook

You can reach out to Zack on LinkedIn. 

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The content in these videos and posts are for informational and educational purposes only. The information contained in the posted content represents the views and opinions of the original creators and does not necessarily represent the views or opinions of Townebank Mortgage NMLS: #512138.