CDD in real estate stands for Community Development District. It is a special taxing district set up to fund and manage infrastructure and services within a particular development or community. This can include roads, utilities, landscaping, parks, and amenities that serve the residents. Key points about CDD in real estate:

• CDDs are created to finance and maintain community infrastructure through bonds, which are repaid over time by the property owners in the district.
• The fees paid by owners, called CDD fees, are typically part of the property tax bill and can range widely depending on the district and amenities.
• The purpose is to provide ongoing funding for infrastructure and common services, offering residents well-maintained shared facilities and amenities.
• CDD fees usually cover both bond repayment (like a loan) and operations & maintenance costs.
• CDDs are a government entity that can operate independently and complement the roles of homeowners associations (HOAs) in communities.
• Many new communities, especially in places like Florida, use CDDs for funding development without upfront costs to developers.

In summary, a CDD is a governmental special district in real estate that imposes fees on property owners to finance and maintain community infrastructure and amenities, reflected in property taxes.