By law, the Annual Meeting must be held once per year. During this meeting, the HOA board addresses various issues, presents the annual budget, and discusses upcoming major projects.The HOA Annual Meeting is the event when the board members and homeowners of a HOA gather to discuss the most important things that concern the community. 1. DO: Tell Them What to Expect It's important to explain to your members that nothing can be discussed outside of the meeting agenda. The annual meeting must be held once per year. It must note the time and date of the meeting. The form should identify the type of meeting, such as an annual membership meeting or special meeting. To address changes over time, HOAs have the ability to amend their governing documents. Attend Meetings and Participate. Many decisions regarding the association's operation are made through the majority vote of owners at association meetings.