Please help me understand my Vero Beach subsidized dues

[ADS66]

I understand from my reading that subsidized Vero Beach contracts are pretty rare on the resale market. However last year I managed to get 2 of them - One of them I knew it was when making an offer- the other I didn't discover until after closing (a nice surprise). One contract is 65 points - the other 50. When I search for current dues levels, everywhere I've seen shows that VB dues are 12.85 non-subsidized or 10.13 subsidized. However I seem to be paying more like $8.51. For my 50 point contract I pay $35.50 monthly (Total of 425.94 for year). For my 65 point contract I pay $46.16 monthly (total of 553.72) for the year. Any help understanding why I seem to be paying less would be appreciated. This could affect my future plans for DVC purchases. Here are my statements with the details: Thanks!

2023 Statement Breakdown

Operating and Capital Reserves

Resort​	Item / Expense​	Vacation Points​	Rate​	Days Prorated​	Annual Dues Assessment​
VERO	1995 Developer Credit	50	-1.53	365	-$76.93​
VERO	1995 Developer Subsidy	50	-2.31	365	-$115.63​
VERO	Operating	50	9.61	365	$480.02​
VERO	1995 Reserve Subsidy	50	-0.4	365	-$20.40​
VERO	Reserves	50	2.63	365	$131.40​

2023 Operating and Capital Reserves $398.46​

Property Taxes

Resort​	Item / Expense​	Vacation Points​	Rate​	Days Prorated​	Annual Dues Assessment​
VERO	Estimated Property Taxes	50	0.63	365	$31.11​

2023 Estimated Taxes: $31.11

2023 Calculated Balance

2023 Operating and Capital Reserves $398.46

2023 Estimated Taxes: $31.11

Subtotal - Remaining 2022 Balance: -$3.63​

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2023 Dues Total: $425.94​

I’m paying 35.50 monthly on this one.



2023 Statement Breakdown

Operating and Capital Reserves

Resort​	Item / Expense​	Vacation Points​	Rate​	Days Prorated​	Annual Dues Assessment​
VERO	1995 Developer Credit	65	-1.53	365	-$100.01​
VERO	1995 Developer Subsidy	65	-2.31	365	-$150.31​
VERO	Operating	65	9.61	365	$624.02​
VERO	1995 Reserve Subsidy	65	-0.4	365	-$26.52​
VERO	Reserves	65	2.63	365	$170.81​

2023 Operating and Capital Reserves $517.99​

Property Taxes

Resort​	Item / Expense​	Vacation Points​	Rate​	Days Prorated​	Annual Dues Assessment​
VERO	Estimated Property Taxes	65	0.63	365	$40.44​

2023 Estimated Taxes: $40.44

2023 Calculated Balance

2023 Operating and Capital Reserves $517.99

2023 Estimated Taxes: $40.44

Subtotal - Remaining 2022 Balance: -$4.71​

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2023 Dues Total: $553.72​

I’m paying 46.16 per month on this one.

 

[crvetter]

It’s the 1.53 Developer Credit. I have no idea what that might be but it doesn’t show in the budget for the resort.

Though prior posts on this seem to have the same question you have here. I’m guessing the sites aren’t right when they post the subsidized dues in that there must be the Developer Credit that is more stable vs the Subsidies which are more based on the actual dues.

Hopefully someone else has the answers.

 

[Plutopian]

As we get closer to 2024 dues I can't wait to see how this plays out! I purchased my VB subsidized resale contract after 2023 Dues were paid, so I'm hoping to see what is up with this Developer Credit. Fingers crossed that I got an even BETTER deal than I thought I did!