What is the best way to ensure that co-ops are properly managed?

While direct resident control of cooperative housing corporations is a key strength of the co-op model, there have been situations where resident boards of directors have failed in their basic responsibilities, either by failing to adequately plan for maintenance costs, failing to enforce affordable housing restrictions or by failing to adequately supervise processional property management firms.  In response to these problems it has become more common for sponsors of Limited Equity Cooperatives to remain engaged with the co-ops over the long term and provide some level of ongoing support to co-op boards.

In New York, UHAB provides a set of support services to strengthen the effectiveness of co-op boards and provides monitoring services to the City to ensure that co-ops remain a source of affordable housing for generations to come.

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