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Current socio-economic studies convince of the increase of irrational using available resources and growing social tension among the population. The key problem of social and economic development of the region is to ensure the population’s welfare, including both adequate living conditions and income level. Many scientists have been involved in the formation and development of communities, namely P. Gural, A. Batanov, C. Jonassen, G Hillery, M. Baimuratov, О. Moroz, E. Ostrom, C. Tiebout. However, the accumulated practical experience and knowledge is not enough to clarify the  prerequisites for the formation of communities on the principles of sustainable socio-economic development of the region. The article summarizes the approaches to forming communities on the principles of sustainable social and economic development of the region. To form communities on the principles of sustainable socio-economic development of the region, systemic reformation of the administrative and territorial structure at all the levels is required. Based on the provisions of the theory of fiscal decentralization, collective action, social self-organization, it is necessary to clearly identify the advantages of each of them and the possibility of applying provisions in domestic realities.

THEORETICAL ASPECTS OF CREATING COMMUNITIES BASED ON SUSTAINABLE SOCIAL AND ECONOMIC DEVELOPMENT OF THE REGION