The Alterra HOA was incorporated January 25, 2005. There are 1,005 lots in the Alterra community, with homes built by Greystone, DR Horton/Continental, Capital Pacific, KHovnanian, and Hacienda.
The Alterra HOA switched from a builder-run organization to homeowner-run in January 2007. The following individuals were elected by the homeowners to create the board of directors: