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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
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
Call for Applications: The National Housing Council for a National Housing Strategy
Do you want to help dismantle the barriers that Canadians face in accessing affordable housing? Are you involved in the housing or human-rights sector and eager to secure better housing outcomes? Are you interested in providing advice and recommendations on the National Housing Strategy? If so
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
Here Comes the New Rental Assistance Program!
This March, more than a hundred Agency clients will see their operating agreements expire along with their last payment of income-tested assistance. Just in time, with a start date of April 1, 2020. Canada Mortgage and Housing Corporation (CMHC)’s new FCHI Phase 2 Rental Assistance program will then
CMHC Extends Financial Assistance to August 2020
The Agency sent the notice below to all its clients on Friday, March 27, 2020.
Circumstances in Canada are changing from day to day, as the COVID-19 pandemic makes itself felt throughout our lives. For this reason, CMHC has made three decisions that affect housing co-ops.
- Because housing
FCHI-2 Update: First Program Agreements E-mailed
FCHI-2 is the new rental-assistance program for federally administered co-ops and non-profits, announced as part of the federal government’s National Housing Strategy. With all of Canada battling to slow the spread of COVID-19, CMHC has delayed its launch of the new program to September 1, 2020
Your Expiring Operating Agreement
Over the next few years, many housing co-operatives will see their operating agreement come to an end. This event could mean a new beginning for your co-op. You can enjoy a bright future without an operating agreement—provided you play your cards right.
Perhaps your co-op’s future includes major
Tip of the Month
Vacancy Loss
The number of Agency clients reporting vacancy losses of more than $250 per unit per year has fallen 50% since 2007. While vacancy rates are local, these numbers show good management.