The major federal co-operative housing programs differ in detail, but have a similar purpose:
- to provide modest, affordable housing that meets the needs of low- and moderate-income Canadians
- to encourage families and individuals of different incomes and backgrounds to come together in the same community
- to promote security of tenure for households unable to buy their own homes
Some co-operatives still use the older names for their programs: 34.18 for Section 61 and 56.1 for Section 95. The Federal Co‑operative Housing Program (FCHP) is the official name for what many co-operatives call the Index-Linked Mortgage (ILM) Program.
Detailed information about program operating agreements, in plain language, is available at Your Operating Agreement. Short descriptions follow.