New Fees for Administrative Tasks

Notice from the board of directors appeared at our doors this afternoon that fees for various administrative tasks will be going up as of June 1.


For most of us, these sorts of fees don’t come up very often — mostly they will affect new shareholders, whose application costs will increase.

The types of applications affected are as follows:

Purchase application
Sublease renewal
Addition to stock
Removal from stock
Criminal/credit check
Home visit
New stock/lease
East River Housing questionnaire

Since these feed are not singled out for itemization in our past financial statements, it’s not clear how much revenue these fees typically provide the coop.