Interesting idea, but most cities I’ve lived in have even closer compulsory relationships via homeowners associations. Even if you rent it’s hard to get away from your neighbors if you want that.
I grew up in a block in Europe. The equivalent body met once a month at best, you could even delegate someone to attend for you. I don’t think that’s anywhere near the sort of web you end in when growing in a small town, particularly if your folks have been around for more than a generation.