MUDs — Why They Are Important
September 19, 2019
That’s a lot of homes.
One thing that is supporting this growth in the D-FW market are special utility districts, such as Public Improvement Districts (PIDs), Municipal Management Districts and Municipal Utility Districts (MUDs). In fact, two of the three D-FW communities currently ranked among the nation’s 50 top-selling are within a special district.
How Do These Special Districts Help?
These special utility districts are a financing vehicle for the construction of roads, utilities, drainage, etc., which allows developers to recoup development costs at a faster pace than from the sales of lots. This has two results:
Generally, without a special utility district, you’ll either find a community with minimal amenities or one with similar amenities, but a higher home cost. For families wanting to live in a highly-amenitized, new-home community, one that is within a special utility district is a viable — if not preferred — option.
More information on Trinity Falls’ Municipal Utility Districts can be found here: mckinneymud1.com
This is the first of a three-part series on the what, why and how of special utility districts. Stay tuned for the next article, which will detail how the taxes work.