what does a homeowners association hoa cover 
a homeowners association hoa is an organization tasked with governing the affairs of a real estate development owned by multiple parties such as an apartment building hoas are responsible for tasks such as ensuring building maintenance deciding on whether to pursue larger renovation projects and drafting enforcing the building s bylaws to fund its operations hoas charge their members monthly hoa fees typically in the range of 200 to 400 per month they also have the authority to enforce the community s bylaws such as by imposing fines on residents who refuse to comply 