The Agency sent the notice below to all its clients on Friday, March 27, 2020.
Circumstances in Canada are changing from day to day, as the COVID-19 pandemic makes itself felt throughout our lives. For this reason, CMHC has made three decisions that affect housing co-ops.
- Because housing organizations are scrambling right now, along with their residents, CMHC has delayed the launch of the new rental-assistance program (FCHI-2), which was due to start on 1 April 2020 for co-ops with expiring operating agreements. The new starting date is 1 September 2020.
- Operating agreements (original and extended) that were about to end will now run until 31 August 2020. This means that current levels of support for co-op members will continue. It also allows more time for distracted boards to review and approve the new FCHI-2 agreements, even while practicing social distancing.
- Back in November 2019, CMHC was planning for the dollars required for housing assistance under the new program. Housing co-ops were asked to complete annex forms as the basis for how much rental assistance their members would need. As of now, with lay-offs and job losses, that information may be out of date. CMHC knows that more rental assistance may be needed than before and is exploring ways to help co-ops do more for their members.
The Agency will continue to keep you informed. For the latest news, follow the Agency on our social media channels for regular updates.