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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
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
The Offer We’ve Been Waiting For: Temporary Rental Assistance
Special one-time rental assistance is now available to housing co-operatives and non-profit housing providers whose operating agreements ended before April 1, 2016.
Just as the name says, temporary rental assistance is not long term, but it does mean—for up to a year—more money in the pocket of any
CMHC Preservation Fund Information Sheet
CMHC Co-Investment Fund Information Sheet
Building Condition Assessments Keep Your Assets Covered
The co-op housing sector, which includes the Agency, has created many resources on building condition assessments and why your co-op needs one.
The building condition assessment (BCA) and reserve-fund study (RFS) are two separate reports, but they work together. Sometimes when people ask about a
Is your co-op taking advantage of funding programs?
From new construction to sustainability upgrades, a housing co-op always has projects on its wish list.
Fortunately, Canada Mortgage and Housing Corporation (CMHC) and other organizations offer funding programs that your co-op can use to turn those wish-list items into reality.
CMHC Seed
An Exciting Announcement for the Canadian Housing Co-op Movement
Last week marked the release of the 2022 federal budget and it contained great news for the housing co-operative movement in Canada.
The budget contains $1.5 billion in funding and loans dedicated to co-operative housing to help create 6,000 for a new generation of co-op homes across Canada.
T
National Housing Co-Investment Fund Criteria
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
Tip of the Month
Directors in Arrears
8% of Agency clients have board members in arrears. Good work, especially in a COVID year. In 2007, 28% reported director arrears.