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Refreshing our Agency Reports
The Agency is currently working on refreshing our four key reports for co-ops: the Risk Report, Compliance Report, Plain-Language Financials, and the newly renamed Performance Report (previously known as the Co-op Data Report). Our goal was to make each report more accessible and engaging. We have
Preservation Fund: Financial Assistance with Essential Planning Tools
In October, we reported on New Money from CMHC for Planning through Canada Mortgage and Housing Corporation (CMHC)’s Preservation Fund. The fund was created as an offshoot of the Seed Funding program, which allows co-ops with federally administered operating agreements, in good standing, to apply
What to Look for in Your Next Risk Report
Once a year, all Agency clients get what their boards tell us is our most important report, which is now enjoying a make-over. When you receive it, you’ll see a refreshed Risk Report that is tighter, more visual and easier to read. Although it has a different look, you will find there the same
Federal Program Housing Co-ops: Getting Better All the Time
There’s no doubt that, as a group, the Agency’s client housing co-operatives are continuing to produce better results. We compared their performance in 2018 with their operations in the Agency’s early years—now more than a decade ago—and we are impressed with our clients’ progress. It was also good
Hawthorne Housing Co-operative: A More Sustainable Future
What is Hawthorne Housing Co-operative thinking? Many co-ops would view its healthy condition with envy and look for no further improvement. Yet, with the end of its extended operating agreement in view, Hawthorne (Surrey, BC) is preparing itself for a sustainable future.
On the whole, the 59-unit
Renovations Photo Contest – Enter for a Chance to Win
Has your co-op recently undergone a renovation? No matter how big or small, if you have a story to tell, we want to see it. You’ve all heard this one before—a picture is worth a thousand words… Well, in this case, the right picture is worth a $100 Home Depot gift card!
We know that our clients have
Looking to Borrow in a Year or so? Introducing the HPC Housing Investment Corporation
In February, British Columbia’s Community Land Trust (CLT) completed the refinancing for a building that houses two Vancouver co-operatives, Railyard and Aaron Webster. The deal was put in place with the help of the HPC Housing Investment Corporation (HIC) through a process known as take-out
Eileen Tallman’s New Adventure in Sustainability
Eileen Tallman Co-operative Homes is a stable housing community in Ottawa’s mid-western suburbs. Moderate and mid-range in many ways, this co-op was part of the dramatic expansion that took place in co-operative housing between 1979 and 1984. Like many co-ops of that period, it has 60 units of
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.