Cooperative of the Year Nominati

Cooperative of the Year Nomination Form

The

Cooperative Star

Program

The Cooperative Star program recognizes housing cooperatives that demonstrate sound

leadership, management, and housing value for their members and have systems in place to

assure prudent preservation of their members’ interests.

Eligible candidates are housing cooperatives that honor the basic principles of cooperative

housing, certify that systems are in place to provide safe, sound, and valuable housing for their

members, and certify that systems are in place to protect the interests of their members.

Applications for designation as a Cooperative Star community are submitted to the National

Association of Housing Cooperatives. The completed applications must include a certification from

the applicant and be received by the National Association Housing Cooperatives by June 30 of

each year.

Each qualifying applicant will receive a Cooperative Star program designation, will receive a wall

plaque suitable for display, and will be recognized during the annual conference of the National

Association of Housing Cooperatives.

An applicant must

1. Be a cooperative member in good standing of the NAHC.

2. Pay the required application fees.

3. Demonstrate exemplary success in cooperative housing.

4. Agree that all application materials become the property of the National

Association of Housing Cooperatives and may be used in print and other media.

National Association of Housing Cooperatives

Washington, DC

Cooperative of the Year Nomination Form

Cooperative Star

Application

(Page 1 of 3)

Information:

Cooperative: _______________________________________ City: _________________________ St: ____ Zip: ____________

President: _________________________________________ Phone: _______________________ Email: _______________________

Site manager name:__________________________________ Phone:________________________ Email:________________________

List any designations the site manager holds (RCM, RAM, etc.)_________________

Number of residential units in the cooperative: ________ Number of Directors: ________ Number of committees, etc.______

To whom should NAHC speak regarding this application: (check only one)

President _____ Site Manager _____ Other _____ (provide name, telephone number, and email address below)

Name:____________________________________________ Telephone:____________________ Email:_________________________

Managing Agent: _______________________________________ City: _________________________ St: ____ Zip: ____________

Contact: ___________________________ Phone: ____________________ Email: _______________________

Auditor: _______________________________________ City: _________________________ St: ____ Zip: ____________

Contact: ___________________________ Phone: ____________________ Email: _______________________

Attorney: _______________________________________ City: _________________________ St: ____ Zip: ____________

Contact: ___________________________ Phone: ____________________ Email: _______________________

For cooperatives that wish to include names of the Board of Directors, there will be an additional fee of $5 per name. List all the directors and other

persons whose names should appear on the award. Print clearly and exactly:

________________________________________________ ________________________________________________

Cooperative Star Program Instructions:

Complete and submit this entry application in typewritten form. Include additional materials as requested.

1. Applications to NAHC must be postmarked no later than June 30.

2. Include at least one not more than four photographs of the cooperative.

3. Include $250.00 payable to National Association of Housing Cooperatives with your submission.

4. Send application to: NAHC, 1444 I Street NW Suite 700, Washington DC 20005.

5. Applications and attachments become the property of the National Association of Housing Cooperatives.

Cooperative of the Year Nomination Form

Cooperative Star

Application Questionnaire

(Page 2 of 3) Applicant: ___________________________________________

1. Are the cooperative’s mortgages paid current?............................................................................ [ ] Yes [ ] No

2. Are the cooperative’s reserves funded as required by the mortgagee?....................................... [ ] Yes [ ] No

3. Does the cooperative have any unresolved building code violations?........................................ [ ] Yes [ ] No

4. Have all the cooperative’s audit findings, if any, been addressed and resolved?....................... [ ] Yes [ ] No

5. Are the cooperative’s taxes paid current?..................................................................................... [ ] Yes [ ] No

6. Are the cooperative’s utilities paid when due?............................................................................. [ ] Yes [ ] No

7. Does the cooperative have written house policies or rules?........................................................ [ ] Yes [ ] No

8. Does the cooperative have written eligibility criteria for membership?....................................... [ ] Yes [ ] No

9. Does the Board of Directors or a Membership Committee screen applicants?........................... [ ] Yes [ ] No

10. Is there any litigation pending against the cooperative or board of directors? ........................... [ ] Yes [ ] No

You may use separate sheet of paper to answer the next 3 questions.

11. How does the cooperative communicate with its members? (List meetings, newsletters, Internet, etc. Provide at least 1 copy of the

newsletter). How do members communicate with the co-op as to their needs, interests, and opinions?

______________________________________________________________________________________________________________________

12. Describe how board members stay informed and up to date on issues and their roles as board members (briefing from manager or

attorney, printed literature, seminars, orientations, conferences, etc). Please be specific.

______________________________________________________________________________________________________________________

__________________________________ How much did the cooperative spend last year on board training, publications, and dues? $______

13. Describe the process used for the sale and financing of memberships or shares (attach sales & information documents).

______________________________________________________________________________________________________________________

How many vacancies does the co-op have at this time? _________ Do commercial share loans meet Fannie Mae eligibility standards? _________

14. As of the end of the month preceding this application, how many members were delinquent in paying their monthly carrying

charges? _____________ In the most recent fiscal year ended, the cooperative wrote off $_____ in uncollectible accounts. Total carrying charges

paid in that year were $______________ .

15. Attach at least two statements in support of your designation from third party. Statements may be from agents, auditors, attorneys,

government officials, or other persons who have knowledge of your cooperative.

Cooperative of the Year Nomination Form

Cooperative Star

Application Questionnaire

(Page 3 of 3) Applicant: ___________________________________________

16. My cooperative deserves the Cooperative Star designation because: (On a separate sheet of paper, give reasons why the cooperative

should receive the Cooperative Star designation.)

# of units __________ Cooperative Building Type (check all that apply)

Type of Cooperative _____ Mixed (no one style predominates)

_____ Limited Equity _____ Detached homes or mobile homes

_____ Market rate resale _____ Townhouses

_____ Leasing cooperative _____ Garden-style or walk-up apartments

_____ Other _____ Mid-rise building (5-10 stories)

_____ Hi-rise

Building Financing (check all that apply)

_____ State/local financing Year cooperative was formed _____

_____ 221(d)(3)-BMIR

_____ Low income housing tax credits

_____ 213

_____ 236 How many paid staff does your cooperative have? _____

_____ Mitchell-Lama

_____ 202 _____ Full-time/year round

_____ HUD Held _____ Part-time/seasonal

_____ Commercial loan

_____ No mortgage on the building

_____ Other How many (what %) of units are sublet? _____

_____ Year when mortgage will be paid off How many units/memberships are still in the hands of the developer/sponsor? _____

In my authority as ___________________________________ for the cooperative named above, I certify that the information provided herein

is true and accurate to the best of my knowledge and belief. I agree that the Cooperative Star designation can be revoked for any material

misstatement or omission in this application or failure to comply with the NAHC policies for use of the Cooperative Star designation.

Return by June 30 to:

Submitted by (Print): ______________________________________

National Association of Housing Cooperatives Title: __________________________________________________

1444 I Street NW Suite 700 Signature: ______________________________________________

Washington, DC 20005 Date: __________________________________________________