If you’re relocating to Lakewood Ranch, you’ve probably seen the letters “CDD” while researching homes—and wondered what the heck they mean. CDD stands for Community Development District. CDDs are common in Florida’s master-planned communities, but the fees can be confusing when you’re buying here for the first time. Here’s the simple explanation. What Does a CDD Pay For? A Community Development District is a special-purpose local government created to help finance, build and