Overview of Rental Assistance (FCHI-2) for S95 co-ops
Agency of Cooperative Housing
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All in This Together at Abiwin Co-operative
Date
5 August 2020
As the pandemic moved into high gear in Canada, businesses were closing and employees were sent home; a new normal was taking hold. It quickly became clear to the staff and members of the Abiwin Co-operative that they should support each other during this difficult time.
Abiwin is home to members
Capital Replacement Plans and Asset Management Plans Q&A
Winning with the Rapid Housing Initiative
Date
11 November 2020
COVID-19 has exposed the desperate need for more affordable housing. As part of the National Housing Strategy (NHS), CMHC has developed an extra funding model to speed up the delivery of affordable housing units in the teeth of the pandemic. Called the Rapid Housing Initiative (RHI), it provides
Summary of Rental Assistance Program (FCHI-2) Obligations
Agency of Cooperative Housing
CMHC Rent Supplement Program
Canada Mortgage and Housing Corporation (CMHC) Rent Supplement Program Objectives
- To help households in need by setting a limit on the percentage of their incomes used to pay rent in Ontario and Prince Edward Island. The program funds the difference between the occupancy charge and the geared-to
Payments to CMHC
CMHC
Over-Housing under the Rental Assistance Program
Agency of Cooperative Housing
Tip of the Month
Infectious Arrears
In co-ops where board members are behind on their housing charges, the amount all members owe is almost four times higher than in co-ops where board members pay on time. This number speaks for itself.