Last reviewed 10-31-2026Short-Sale.com Editorialglossary
Community Facilities Districts
Fannie Mae
Updated 10-31-2026
Community Facilities Districts
Localities that have been empowered by state law to levy special taxes on their residents to fund the capital costs of a wide variety of public improvements (such as roads and sewer services), as well as the ongoing operation and maintenance costs of a limited number of public services (such as schools, police and fire protection services, libraries, etc.) that benefit the community.
Fannie Mae Glossary of Terms
Fannie Mae · p. 7
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