What is a Homeowners Association (HOA)?

A Homeowners’ Association (HOA) is a legal entity created to enforce the community’s governing documents, which in Sudden Valley include the Bylaws, Restrictive Covenants (known in some other associations as “covenants, conditions & restrictions” or “CC&Rs”), and general Rules & Regulations such as the Architectural Control Committee (ACC) Guidelines, as well as to manage the common amenities of the community. Sudden Valley’s HOA – the Sudden Valley Community Association, Inc. (SVCA) – is a Washington nonprofit corporation, governed under R.C.W. 64.38 and R.C.W.24, and exempt from Federal taxes under IRS Code section 501(c)(4).

Membership in SVCA reflects part ownership of SVCA assets, and is paid for initially upon purchase of any lot or condo unit, and then by payment of annual “dues and assessments, and any “special assessments.” Members govern Sudden Valley through an elected Board and elected or appointed committees. The Board selects, retains and evaluates a manager or other executive, or possibly a management company, to be responsible for the day-to-day management of the association and paid staff.