Property Ownership
The primary purpose of a Homeowners' Association (HOA) in a planned community is to:
ASet property tax rates for the community
BEnforce deed restrictions and CC&Rs and manage common areas✓ Correct
CRegulate zoning within the subdivision
DProvide mortgage financing for lot purchases
Explanation
An HOA enforces the Covenants, Conditions, and Restrictions (CC&Rs) that govern the subdivision and manages common areas (pools, parks, streets). Membership is typically mandatory for property owners in the community.
Related Arkansas Property Ownership Questions
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