A Homeowners Association (HOA) is a legal entity created by a real estate developer for the purpose of developing, managing, and selling a development of homes. It allows the developer to exit financial and legal responsibility of the community, typically by transferring ownership of the association to the homeowners after selling a predetermined number of lots. Associations provide services, regulate activities, enforce the conditions, covenants, and restrictions (CCR’s) of the development, levy assessments, manage common amenities, and may impose any potential fines. All members of the HOA must pay assessments and abide by the regulations and restrictions of the association.
A Community Association is a general name for any organization of property owners to oversee common interests. It is a non-governmental association of participating members of a community in a defined geographic area.
A Neighborhood Association is a voluntary membership organization that deals with social, political, zoning, and other issues that typically affect the members’ properties, but usually does not maintain commonly owned properties. A neighborhood association may advocate for, or organize, activities within a neighborhood and can provide recommendations to the City Council on topics like land use and capital improvements.