Director Arrears - By-law Provisions (AB)
Agency for Co-operative Housing
Over the last twenty years, the Agency has made significant strides in helping housing co-operatives address the issue of directors in arrears as a part of its client risk assessment.
In 2007, 28% of co-ops reported having directors who owed money to their co-op. But by 2024, that number dropped to
Comparing 2007 and 2020, we saw the median annual contributions per unit almost triple ($1,026 per unit to $3,052).