The legislative Task Force addressed the interaction between HOAs and Metro Districts.  The first speaker confirmed what the Bond Prospectus' make clear - the residents' homes are at risk of foreclosure for failing to pay developer debt, assuming the debt is based upon enforceable agreements.

Here is our response to the Task Force Meeting.

https://drive.google.com/file/d/1qikEQdISEWJ99iQyI7d8U28kjajDAq_m/view?usp=sharing

The Task Force moderator and sponsoring agency also heard complaints from three panelists (who do not represent developer interests) that so far all the presenters represented developer industry interests.   The moderator indicated that the Task Force would have a public comment session (February 26) and include at least one non-industry presenter.

The "affordability" myth was raised again.  Without any data presented to the Task Force (or outside the Task Force for that matter) to support the assertion, one panelist emphasized how much more affordable metro district housing is than non-metro district housing.  The data in fact shows the opposite.  Even before you add the significantly higher developer debt tax burden.  

The Task Force panelists also continue to repeat the false industry assertion that the real problem is not with metro districts but with residents who don't understand the benefits of metro districts, as defined by the developer industry.

The next session was January 22 and the update on that session will be published in the next several days.