The article discusses common-interest communities (CICs) which are part of the U.S. housing market. CICs such as homeowners associations are discussed in the context of their organizational goals and the Community Associations Institute's (CAI's) standards for community associations' creation, governance, and management. The transfer of municipal services from local government to CICs and protection of property values by the private organization are discussed. The outlook for some form of state or federal regulation of CICs is noted.
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