Representing nearly 25% of the housing stock in the U.S., community associations are home to more than 73 million Americans. The 2021 projections reflect a 1.3% increase in new communities.
Understanding the basis of accounting used to prepare financial reports is a vital first step to comprehending your association’s financial position and results from operations.
The Jefferson in Arlington, Va., offers older adults a unique option as they age in place: the ability to own their condominium unit plus independent living, skilled nursing, and continuing care.
Hispanics or Latinos accounted for 57% of total population in 2018 and 40% of growth in household formation over the past decade, according to the U.S. Census Bureau. As a result, community associations could increasingly become appealing to Hispanic homeowners.
The latest survey from The Foundation for Community Association Research examines discrimination in associations.
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