What is a Public Improvement District (PID)?
A PID is a defined geographical area established to provide specific types of improvements or maintenance within the defined area(s), financed by tax assessments against all of the property owners within the defined district area. Public Improvement Districts are created under the laws of the State of Texas, Chapter 372 of the Texas Local Government Code. This law allows Cities or Municipalities to create residential and commercial improvement districts by ordinance. What will a PID do for your Community? A PID will provide all of the property owners within a defined neighborhood the financial mechanism to fund maintenance of common area improvements, which the City or individual homeowners are not maintaining to acceptable standards. These improvements may have been constructed during the development of the community, without the developer having created a mandatory homeowners association to pay for the ongoing maintenance and future capital replacement of these improvements. What imp
