Q&A on Directors in Arrears
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
8% of Agency clients have board members in arrears. Good work, especially in a COVID year. In 2007, 28% reported director arrears.