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2019 Client Service Report Card
2019 Annual Report
FCM: Sustainable Affordable Housing Fund
On May 15, the Federation of Canadian Municipalities (FCM) launched a $300 million fund to support sustainable affordable housing. This fund will help pay for the planning and delivery of retrofits and new construction for higher energy performance.
Here’s what we know so far from FCM….
The Green
A Thank-You We Are Proud To Share
Over the past 15 years, the Agency has worked with a number of co-operatives facing serious and complex financial challenges. Effective solutions can be difficult to achieve. They demand flexibility and an enormous commitment to positive change from everyone involved. At the Agency, nothing makes us
Guiding the end of your operating agreement
The Agency has developed a new information source that can guide your co-op as you navigate to the end of your CMHC agreement. The web page we’ve called Your Expiring Operating Agreement will help you chart the best course as your co-op embarks on its new chapter. Serving as an information hub, the
Chadwick Towers Prepays its Mortgage
In 2018 CMHC made an offer to a particular group of clients, which the Agency encouraged them to accept. For a limited time, S61 co-ops locked into a high interest rate could prepay their mortgages without the usual penalty. (Unfortunately, the opportunity is no longer available.) Chadwick Towers, a
The Agency’s Management Services Agreement stands up during the pandemic
The Agency never imagined a pandemic when it drew up its model Management Services Agreement. We developed it for co-ops to use when they hire a company to manage their property without the need to be on site. The goal was to set out clear expectations for both the co-op and the management company
New Leader for the Agency
Alexandra Wilson, the Agency’s founding Chief Executive Officer, will retire at the end of March. She ends a 47-year career in the co-operative housing movement, including 16 years leading the Agency.
The Agency’s Board of Directors undertook a wide search to find the right CEO for the next phase
Our Newest Leaders
We are delighted to announce a few new leaders at the Agency for Co-operative Housing. They may be new leaders, but they are the same friendly faces you have come to know. With Olga Tasci moving into the role of Chief Executive Officer, her previous position of Director, Operations was vacant
Tip of the Month
Vacancy Loss
The number of Agency clients reporting vacancy losses of more than $250 per unit per year has fallen 50% since 2007. While vacancy rates are local, these numbers show good management.