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.
To provide assistance for co-operative housing to promote security of tenure for households unable to access homeownership.
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.
To provide modest, affordable housing that meets the needs of low-income families and individuals (under the Urban-Native
By this time, all Agency clients know that we encourage you to invest in—or update—a building condition assessment (BCA). If you are refinancing, your co-op will also need environmental testing and an appraisal from a firm acceptable to the lender you are approaching. What you may not know is that
Some vacancy loss is by choice, because units are being refreshed for new members. So not a loss but an investment.