What type of governance typically oversees a PUD?

The correct answer is the local homeowners' association, which typically oversees a Planned Unit Development (PUD). A PUD is a type of residential community that is designed to offer a mix of housing types and utilizes shared amenities and open spaces. Homeowners' associations are created to manage these communities and enforce their rules and regulations, ensuring that the properties are well-maintained and that the community runs smoothly.

In a PUD, the homeowners' association plays a crucial role in collecting fees, managing common areas, and upholding the community's standards. This local governance structure allows residents to have a say in how their community is managed, providing a mechanism for addressing issues and concerns specific to the neighborhood.

The other options, like the federal government, legislative branch of local government, or a private corporation, do not directly oversee PUDs in the same way. While local governments may set zoning laws that enable the establishment of PUDs, the specific governance and day-to-day management are effectively handled by the homeowners' association. Understanding this hierarchy is essential for anyone involved in real estate sales within such communities.