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What is Ravenwood Forest Property Owners' Association?

neighborhood association (NA) is a group of residents or property owners who advocate for or organize activities within a neighborhood. An association may have elected leaders and voluntary dues.

Some neighborhood associations in the United States are incorporated, may be recognized by the Internal Revenue Service as 501(c)(4) nonprofit organization, and may enjoy freedom from taxation from their home state.

The term neighborhood association is sometimes incorrectly used instead of homeowners association (HOA). But neighborhood associations are not homeowners associations (HOA).

An HOA is a group of property owners with the legal authority to enforce rules and regulations that focus on restrictions and building and safety issues.

On the other hand, a
neighborhood association is a group of neighbors and business owners who work together for changes and improvements such as neighborhood safety, beautification and social activities. They reinforce rules and regulations through education, peer pressure and by looking out for each other.

Some key differences include:
▪ HOA membership is mandatory generally through rules tied to the ownership of property like deed restrictions. Neighborhood association membership is voluntary or informal.
▪ HOAs often own and maintain common property, such as recreational facilities, parks, and roads, whereas neighborhood associations are focused on general advocacy and community activities.

http://en.wikipedia.org/wiki/Neighborhood_association

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