| Community Development Districts are getting
more and more popular among politicians, developers and the whole connected
industry. Local politicians love them, figuring they get all the future
property taxes without having to invest anything. Developers can create
their own little kingdoms without being supervised. They can write their
own ticket and make huge profits without any big risks to them. The public
bonds will finance all the necessary investments and if financial losses
can't be avoided the homes of the people are the collateral for possible
losses. Miscalculation from developers can be covered with money from the
homeowners.
As in most cases the idea behind creating
Community Development Districts is really good. But lack of supervision
from the government agencies, which initially created these communities
within communities, and the lack of enforcement of the existing Statutes,
has definitely made many people think twice about the advantages of these
developments.
Read the contents of these WebPages and
support the demand for better legislation and especially enforcement of
already existing Statutes. Homeowners just don't have the finances to battle
rich developers in civil courts. Since the government sees fit to create
these districts, they should please enforce the laws coming with it.
In Florida Community Development Districts
are regulated by FS 190.
But all too often developers seem to forget
- conveniently - that some other Florida Statutes come into play, especially
during sales.
Please join our Organization to help the members
of our Committee to convince our legislators to improve the Statutes in
favor of more homeowner-friendly regulations.
"Caveat Emptor" or "Buyer Beware" is not
what Florida homebuyers want! |
