The interplay between private and public governments: the relationship between homeowner associations and municipal finance

Shaoming Cheng and Hai (David) Guo

Local Government Studies, 2021, vol. 47, issue 5, 759-783

Abstract: Homeowner associations (HOAs), as a form of private residential governance, have grown exponentially in the United States, representing a profound transformation in urban governance. This paper examines the fiscal correlation between local municipal governments and private residential governments, and specifically, the extent to which the proliferation of HOAs in a municipality is related to municipal expenditures and revenues. Administrative data of the Florida Department of Business and Professional Regulation are employed with spatial econometric methods for accounting for potential inter-jurisdictional spillover effects. Empirical evidence suggests that a greater presence of HOAs within a local municipality is associated with the municipality’s declining public expenditures and revenues for providing public services to local residents.

Date: 2021
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DOI: 10.1080/03003930.2020.1794845

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