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The Community Associations Institute (CAI) is an organization that represents homeowners, condominiums, and other community associations around the world. Based in Falls Church , Virginia in the United States , the CAI has more than 60 chapters of condominium and homeowner associations [ 1 ] [ 2 ] [ 3 ] with over 45,000 members worldwide. [ 4 ]
According to the Community Associations Institute, between 22 and 24 percent of the entire U.S. population in 2017 lived in community associations. The two leading states with CIDs are California, where around 9,327,000 people lived in a CID, and Florida, where about 9,753,000 lived in a Community Interest Development.
The first such association in the world, VAK ("association for the working class") was founded in 1852 in Amsterdam. Between 2.4 and 2.5 million apartments in the Netherlands are rented by the housing corporations, i.e. more than 30% of the total of household dwellings (apartments and houses).
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A homeowner association (or homeowners' association [HOA], sometimes referred to as a property owners' association [POA], common interest development [CID], or homeowner community) is a private, legally-incorporated organization that governs a housing community, collects dues, and sets rules for its residents.
After a "Full" reserve study has been done, in subsequent years the association can choose between the two reserve study update options shown below: "Update With-Site-Visit" reserve study (an update of an existing reserve study involving a diligent visual on-site inspection, but presuming that all components have been properly identified and ...