CMHC Preservation Fund Information Sheet
Agency for Co-operative Housing
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Action Plan: Planning to Act! - Updated from 18 October 2021
Date
24 November 2021
“Failing to plan means planning to fail.” We’ve all heard someone say that. Planning is hard, important work, but it’s just got easier owing to some help from the Agency.
Timing
CMHC’s Rental Assistance Program (FCHI-2) requires co-ops to complete an Action Plan covering their next three years
Stay in Shape: Your Capital Replacement Reserve Plan
Date
20 December 2023
A capital replacement reserve plan is a crucial strategy for keeping your housing co-op in good repair over time. The plan outlines the anticipated lifespan of various elements within your property and estimates the funds necessary for their replacement or for major repairs.
In this article, we
Q&A on Undertaking Capital Projects
The Agency for Co-operative Housing
Plan for the Future
Good planning is the secret behind a building that doesn’t look its age. Without a plan, your co-op can’t know how much you’ll need to save for major repairs. Until you know this, you don’t know what your housing charges should be.
Your plan begins with a recent building condition assessment that
Why is Capital Planning Important For Your Co-op?
Tip of the Month
Plans in Action
The average co-op with an approved capital replacement plan tucks away more than $3,600 per unit in reserves each year--triple the 2007 amount. Does their future hold better windows? New kitchens? Savings mean more choices.