The Cornerstone Homeowners Association (HOA) is mandated to ensure the long-term sustainability of the community of Cornerstone. By contributing to the development of a sense of community and responsibility amongst neighbours towards the physical attributes of the community, Membership in the HOA is granted through an encumbrance on title for each homeowner in Cornerstone. Annual fees will be established each year, and billed to each homeowner. HOA funds will be used for the administration, maintenance and beautification of the assets of the HOA.
The HOA is managed by an elected, volunteer Board of Directors who are responsible for administering decisions related to the goals of the HOA. Management of the daily operations of the HOA may be contracted to a third-party provider.