homeowners association

Definition

A governing body in planned communities with power to enforce rules, collect fees, and potentially foreclose on properties for violations. Abbreviated as HOA, it's democracy's revenge where your neighbors vote on your mailbox color.

Example Usage

The HOA fined them $500 for painting their door burgundy instead of the approved 'colonial red,' proving the difference mattered to someone.

Origin

American suburban development concept, proliferating after FHA began requiring them for mortgage insurance on condominiums in the 1960s

Fun Fact

About 27% of Americans live in HOA-governed communities, paying an average of $250-$450 monthly in fees, with some luxury communities exceeding $10,000 monthly.

Source: Community association management standards

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