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Ten years ago, about 8,000 residents lived in The Villages, an active adult retirement community an hour north of Orlando. Attracted by its virtually limitless amenities and idyllic weather, the number of residents today has swelled to more than 80,000, with still more room to grow.
8/31/2010The Orlando Sentinel recently published a few articles on Community Development Districts (CDDs) and financial challenges facing some of them. These articles, along with a recent article in the Fort Myers News-Press, cite a common source - who sells a newsletter on defaulted CDD bonds. Missing from these stories is much needed perspective and insight into real estate financing, and they contain a number of misstatements that we would like to correct.
2/26/2009Fast-growing states like Florida, Colorado and Texas have all adopted legislation allowing the use of special districts to help meet the infrastructure needs of residential and industrial growth.
This report is produced solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. This report is based on information obtained from sources believed to be reliable but no independent verification has been made, nor is its accuracy or completeness guaranteed.