Q&A on Net Operating Revenue
Agency for Co-operative Housing
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Section 61 Program (1973–1978)
Program Objectives
- To provide modest, affordable housing appropriate to the needs of low- and moderate-income families and individuals
- To house mainly families whose incomes may be too high for public housing but who cannot compete in the open market for housing
- To encourage the integration of
Section 95 Program (1979–1985)
Program Objectives
- To provide modest, affordable housing appropriate to the needs of low- and moderate-income families and individuals
- To produce housing at minimum cost by implementing appropriate cost controls
- To encourage approved lenders to provide capital for low- and moderate-income
Index-Linked Mortgage (ILM) Program
Program Objective
To provide assistance for co-operative housing to promote security of tenure for households unable to access homeownership.
Deep-Need Programs (1982-1989)
This general outline applies to these deep-subsidy programs, with exceptions noted: Prince Edward Island Non-profit and Pre-86 and Post-85 Urban Native.
Program Objectives
To provide modest, affordable housing that meets the needs of low-income families and individuals (under the Urban-Native
CMHC’s Federal Community Housing Initiative survey
Date
14 November 2018
Canada Mortgage and Housing Corporation (CMHC) invites all federally-administered housing providers to complete a survey which will help inform the development of options for the Federal Community Housing Initiative (FCHI) Phase 2 that will be implemented starting April 1, 2020. Federally
New S61 Mortgage Prepayment Deadlines
Date
20 December 2018
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
National Housing Co-Investment Fund Criteria
Date
8 February 2019
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
Co-ops with Just One Elevator
Date
18 March 2019
Big, expensive decisions lie ahead for housing co-ops with a single elevator that is starting to show its age. After 20 to 25 years of service, elevators will reach the end of their effective lives. Toward the end of this period, the elevator may experience decreasing performance, along with many
Tip of the Month
Falling Risk
51% of Agency clients are now rated Low or Moderate risk, up from 39% in 2007.