What is a community association? A community association may have any number of Names, including homeowners association, property Owners association, condominium association, cooperative, Council of homeowners and common interest Development.Community associations offer choices, lifestyles, amenities, services And efficiencies that people value. For many, a condominium or planned community can be the most affordable Way to own a home. Others are drawn to the architectural uniformity of the Neighborhood or the landscaping. Still others are attracted by recreational Amenities and social opportunities.