Passing the buck: development tax districts, HOA fees make housing unaffordable
Two recent investigative reports — one in Colorado and the other in Texas — shed light on a growing financial hardship for U.S. homeowners: developer-controlled special development tax districts. By Deborah Goonan, Independent American Communities On IAC, you can read thousands of posts documenting widespread dysfunction in HOA-governed common interest communities. But IAC also been follows reports of development districts set up to pay for infrastructure in new residential and mixed use planned communities. More often than Continue ReadingPassing the buck: development tax districts, HOA fees make housing unaffordable
