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Net Income Ratio
Co-Investment Fund will Help Modernize Existing Stock and Fund More Housing
This spring, Canada Mortgage and Housing Corporation (CMHC) launched the National Housing Co-Investment Fund as part of the federal government’s National Housing Strategy. The Fund supports the creation or repair of affordable homes across the country. The goals of the program are
- create 60,000
New S61 Mortgage Prepayment Deadlines
For a limited time, S61 co-ops can apply to pay out their high-interest Canada Mortgage and Housing Corporation (CMHC) mortgages without penalty. To do so, they will have to qualify for a loan from the private market where they will enjoy the benefit of lower interest rates. (Loan applicants will be
2017 Annual Report
National Housing Co-Investment Fund Criteria
In July 2018, we reported on CMHC’s National Housing Co-Investment Fund as an opportunity for Agency clients. Interest in this loan and grant program is growing; to date Canada Mortgage and Housing Corporation (CMHC) has received in excess of 200 applications since April. In response to feedback
Tornado in National Capital Region
On Friday September 21, 2018, the National Capital Region was struck by two tornadoes that touched down in Dunrobin and Southwest Ottawa, as well as in Gatineau, Quebec. The tornadoes and high winds left devastating damage to trees, powerlines, businesses and homes, leaving many citizens without
Have Your Say About the Agency’s Service
Calling all Agency clients! This is your opportunity to tell us where we need to do better — but there’s only one week left.
For the first time the Agency is reaching out to both boards and managers for answers to questions we ask every three years about client service. Great service is important
Test Cases for Radon
The Agency and the Co-operative Housing Federation of Canada recently conducted a pilot project on radon gas. We tested for the presence of radon in three different housing co‑ops in different regions. Radon is a radioactive gas that occurs naturally through the decay of uranium in rock, soil and
Training Sessions: CMHC's Rent Supplement Program
We invite all site staff, managers, and federation staff to attend one of two in-person training sessions or a webinar on Canada Mortgage and Housing Corporation (CMHC)'s rent supplement program. During these sessions, we will review some terms of the 2017 rent supplement agreement and answer your
Tip of the Month
Management Trend
The trend to hire management companies continues. 58% of co-ops hire management companies, compared to 28% that employ independent staff as their managers.