Money

Affordability and defining it for your co-op discussion guide

Cooperatives often include affordability in their mission and strive to maintain it. Members in the cooperative will all have different expectations and ideas of what this means when entering the cooperative. This discussion guide about affordability and defining it for your cooperative will help clarify member expectations and long-term planning for your cooperative.

Rent Payment Policy - Qumbya Co-op

The is the Payment Policy from Qumbya Housing Co-op (Chicago, IL) as of 2013.  This policy was created in 2008 out of a response to series of siginificant member debt losses. The policy is relatively strict by co-op standards. It does allow for payment plans, which may be up to 2 months in duration, and must be approved before a debt is accrued, not after. The wisdom gained from the series of losses which we attempted to base this polic on are:

* If a member gets more than 2 months behind on rent, they are very unlikely to ever catch up.

NASCO Co-op Organizer's Handbook

The Organizer's Handbook is a comprehensive guide to creating group-equity housing cooperatives. By explaining the cooperative movement, campus and community organizing, nonprofit incorporation, financing, and housing development, this important resource demystifies a challenging project.