Falls Church, Virginia, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Community Associations Institute (CAI), along with our sponsor ClickPay, is proud to introduce the 2022 edition of Community Association Living: An Essential Guide for Homeowner Leaders—a publication designed for anyone who lives in, works for, or supports homeowners associations, condominiums, or housing cooperatives.
Community Association Living provides residents and volunteer board members a clear understanding of the business of associations and offers perspective of how associations today are organized, governed, and managed.
“Each condominium community, homeowners association, or housing cooperative is unique and is governed by a board consisting of neighbors elected by their peers. Understanding these common principles is essential knowledge for all residents,” says Thomas M. Skiba, CAE, CAI’s chief executive officer. “As the leading authority in community association living, our new publication supports residents and helps them better understand their rights and responsibilities when choosing to buy or rent a home in a community association.”
The publication was produced in collaboration with CAI’s Homeowner Leaders Council. The guide identifies the three characteristics common to all community associations; outlines the significance of community association bylaws, management, and governance; and offers insight to how federal, state, and local laws affect community associations.
Since the 1970s, community associations have been a popular housing choice for people around the world—especially condominium buyers seeking proximity to city centers, public transportation, and schools. Planned communities provide owners the benefit of shared amenities such as pools, walking trails, and other recreation facilities that may otherwise be unattainable.
In the U.S., there are roughly 356,000 community associations, which are home to more than 74 million Americans, according to the 2020-2021 U.S. National and State Statistical Review for Community Association Data, published by the Foundation for Community Association Research. An estimated 5,000 new community associations are expected to be developed in 2022.
As described in Community Association Living, condominiums and homeowners associations are designed to manage common or shared property, protect owners’ property values, provide services to residents, and develop a sense of community through social activities and amenities. All residents have an important role to play in a community’s success, but board members have a particularly vital job.
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About Community Associations Institute
Since 1973, Community Associations Institute (CAI) has been the leading provider of resources and information for homeowners, volunteer board leaders, professional managers, and business professionals in the more than 356,000 homeowners associations, condominiums, and housing cooperatives in the United States and millions of communities worldwide. With more than 42,000 members, CAI works in partnership with 36 legislative action committees and 63 affiliated chapters within the U.S., Canada, South Africa, and the United Arab Emirates as well as with housing leaders in several other countries, including Australia, Spain, and the United Kingdom. A global nonprofit 501(c)(6) organization, CAI is the foremost authority in community association management, governance, education, and advocacy. Our mission is to inspire professionalism, effective leadership, and responsible citizenship—ideals reflected in community associations that are preferred places to call home. Visit us at www.caionline.org, and follow us on Twitter and Facebook @CAISocial.
About ClickPay®
Integrated into HOA Management Systems, ClickPay offers a custom-branded online and mobile payments platform, allowing homeowners to securely and conveniently pay electronically via their payment method of choice. ClickPay's real estate-specific Lockbox handles the complexities and risks of paper payment processing to let your staff focus on the homeowner experience while driving adoption through training, custom-branded marketing services, and a bilingual Homeowner Call Center to assist with payment submissions.
ClickPay, a RealPage company, is a chosen partner of many of the largest HOA banks in the industry and provides clients with a secure Auto-Debit Program to replace manual ACH and NACHA files. For homeowners who prefer to pay through their bank's own website, Bank Bill Pay is a proprietary capability that electronically sweeps bank checks into ACH, circumventing the bank printing and mailing paper checks, and joining all other payment types on a single dashboard, creating a solution that enables 100% paperless payment offices. To learn more about ClickPay, please visit www.clickpay.com
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