A CDD is a special-purpose government entity that is created to fund, plan, construct, and manage infrastructure and amenities in a particular community. These amenities may include things like roads, parks, and community centers.
CDDs are found in many parts of Florida, and they are a popular way for developers to finance the construction and maintenance of infrastructure in new communities.
There are several key things to know about CDDs in Florida:
CDDs are governed by a board of supervisors, who are elected by the property owners within the CDD.
CDDs have the power to levy assessments on property owners within the district to pay for the infrastructure and amenities that they provide.
CDDs are separate from the local government, and they have their own budgets and tax rates.
CDDs can provide many benefits to the communities they serve, including well-maintained infrastructure and amenities, and a sense of community pride and ownership.
That's it for this video on Community Development Districts in Florida. I hope you have a better understanding of what CDDs are and how they work. Thank you for watching.
