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The Ridgeview neighborhood has a not-for-profit homeowners association (HOA) that maintains a pool and playground as well as pays for maintenance of land in the neighborhood that is not individually owned. Which of the following activity indexes might the Ridgeview neighborhood association use when developing their budget? O square footage of land in the neighborhood O number of employed individuals in the HOA O number of occupied houses in the HOA O number of individuals living in the neighborhood, including children

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The following activity indexes might the Ridgeview neighborhood association use when developing their budget will be  number of individuals living in the neighborhood including children.

The correct option is D

  • A homeowner association, also known as a homeowner community, is a type of private association that is frequently established either ipso jure in a building with multiple owner-occupancies or by a real estate developer for the purpose of marketing, managing, and selling houses and lots in a residential subdivision.
  • Homeowners associations are intended to manage common or shared land, safeguard owners' property values, offer services to residents, and foster a feeling of community through social events and amenities, according to Community Association Living (a magazine by CAI).

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