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City of South Bend :: Housing & Neighborhoods :: Housing & Neighborhoods ci.south-bend.in.us | American Association of Orthodontists, AAO, American Orthodontists... newyorkcityorthodontics.c... |
A 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). Some key differences include:
The rules for formation of a neighborhood association in the United States are sometimes regulated at the city or state level. Neighborhood associations are more likely to be formed in older, established neighborhoods, whereas HOAs are generally established at the time a residential neighborhood is built and sold. In some cases, neighborhood associations exist simultaneously with HOAs, and each may not encompass identical boundaries. In one example, newer infill neighborhoods built decades after the original, surrounding HOA-less neighborhood may have its own HOA but also be within the boundaries of a NA. [edit] See also
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