What is a Homeowners Association (HOA)?

A homeowners association (HOA) is an organization that manages the upkeep of a neighborhood’s common areas and establishes standards for the community of which they preside over. While HOAs share a common purpose, they do take on different roles. Most HOAs are run by a board, which is typically made up of volunteers elected by fellow owners. Depending on the size of the neighborhood and how extensive a role the board takes, it may be organized into committees and include officers.