Best Practices for Setting Homeowners Association Dues in the Presence of an Inclusionary Housing Policy

2016

By: Grounded Solutions Network

https://inclusionaryhousing.org/wp-content/uploads/2016/08/Best-Practices-for-Setting-Homeowners-Association-Dues.pdf
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Inclusionary Housing

This briefing paper examines the issue of homeowners association dues as a costly and unpredictable challenge to the affordability of for-sale units produced through inclusionary housing programs. The paper lists eight best practices for addressing affordability in HOA dues for inclusionary housing, including setting an initial sales price which incorporates HOA dues, requiring that HOA dues are lower for residents of affordable units, and putting protections in place in case those owners fall behind on dues.