I think you mean Danbury Street SE. There's not a Danburg St SW.
There is a townhome development there, built in 2006, that appears to have been mostly sold during the peak of the real estate bubble at inflated prices, and almost all of those that are currently for sale are either short sales or foreclosures. As to whether they are great homes, we'd have to go have a look at them and put one through a home inspection, if you liked one enough to put an offer on it.
HOA stands for Home Owners Association and the HOA fees cover things like lawn and landscape maintenance, street maintenance within the development, snow removal, trash pickup and other things. The HOA is made up of home owners living in that development and there is a board of directors elected from the home owners. The board determines what the fees are and is in charge of making sure things get done the way they are supposed to.
If you are shopping for a Buyer's Agent, I'd love the opportunity to interview with you sometime. Feel free to email me.
Kangal Real Estate