A fractured condominium refers to a housing development in which some units are rented out as apartments while others are sold and occupied as owner-occupied condominiums. This situation typically arises when a developer's attempt to sell a majority of units as condos fails, resulting in a mixed-use scenario.
A gated community is a type of residential area with restricted access. These communities often feature fences, walls, or other barriers, as well as security personnel, to control access and provide additional security for residents.
Homeowners' fees, also known as maintenance fees, are regular payments required by homeowner associations (HOAs) to cover the upkeep of common areas and amenities in a housing development.
Inclusionary zoning is a local law that requires housing developers to reserve a certain percentage of housing units for lower-income buyers in exchange for approval of their projects, aiming to increase the availability of affordable housing.
The Local Housing Authority (LHA) is a government entity that develops and manages public housing projects intended for qualified low-income residents.
