How does a Mello-Roos/CFD Bonds district work?
Mello-Roos Community Facilities Districts, Community Facilities Districts, Community Development Districts, and Metroplex Districts are examples of special assessment jurisdictions formed by local public agencies for the purpose of generating funding for the construction and establishment of public facilities and services. These districts sell bonds that are repaid over a specifieid period of time through the collection of assessments levied on every property owner in the district (except tax-exempt property owners). This type of funding allows schools and other facilities to be built early in the life of a community rather than years after families have moved in.
