The Agency has signed an agreement with Canada Mortgage and Housing Corporation (CMHC) to take on some of CMHC’s work with non-profit housing co-operatives. The Agency combines a fresh approach to program administration with excellent service , bringing significant benefits to all stakeholders.
What we do
The Agency’s mandate is
Within the limits imposed by the terms of its agreement with CMHC, the Agency administers federal co-operative housing programs in British Columbia, Alberta, Ontario and Prince Edward Island, and the operating agreements of co-ops coming under CMHC’s urban-native programs. The Agency took on this work in phases.
The Agency’s agreement with CMHC calls for it to
What we don’t do
Some co-ops are funded under programs that CMHC does not administer. These co-ops do not come under the Agency.
In Quebec the federal-program co-ops will remain with CMHC. Some federal-program co-ops in special circumstances, such as British Columbia’s leaky co-ops, are gradually moving over to the Agency as work on their buildings is completed. (The leaky co-ops, like many condominiums in the coastal area, suffered from catastrophic building envelope failure.)
The Agency does not concern itself with
The Agency does not undertake certain kinds of financial procedure. CMHC continues to
The Agency does not set federal housing policy nor change program policies or agreements between housing co-ops and the government.
The Agency had expected to undertake several additional services anticipated under our agreement with CMHC:
The first two services remain with CMHC. For the third - a new service - no funds are available for full program delivery. However, in 2011 and 2012, with support from the Co-operative Secretariat's Co-operative Development Initiative, the Agency undertook to develop the benchmarking and best-practices service as a pilot project.
The Agency's expanded Co-op Data Report currently delivers much of the information originally intended for the benchmarking services. However, a new website provides even more comparables, while allowing co-ops to select their own group of peers for comparison.
Best practices offers housing co-operatives something different. Co-ops with a history of success in a particular area shared some secrets and told some stories, which we posted on the new website. Their examples provide a practical guide to better performance.
Updated: February 3, 2014