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The first year under the Rental Assistance Program (FCHI-2) has been a hard slog for housing co-ops. The program came together while you were using it, resulting in months of frustration as one change followed another. We can only thank you for your patience. We finally have good news to offer.

Age

We’re pleased to announce the release our 2020 Rent Supplement Report. The Rent Supplement Program helps qualified households by funding the difference between the occupancy charge and their geared-to-income charge.

The report details the funds co-ops received in Ontario and PEI, where the Agency

CMHC’s National Housing Co-Investment Fund hasn’t drawn great interest from Agency clients so far. In fact, it may be the most overlooked funding source in Canada for housing co-ops. We’re hoping to change that.

The fund supports building repair and renewal, as well as new construction, with

On 13 January, the Minister of Housing and Diversity and Inclusion, Ahmed Hussen, announced $118.2 million in funding for co-ops through the Federal Community Housing Initiative (FCHI).

This new funding is for co-ops located in B.C., Alberta, Ontario, Quebec and PEI whose CMHC operating agreement

Are you a Rental Assistance Program administrator or new to the program?

If so, you might be interested in one of our upcoming online training sessions that will provide a general overview of the program and a more in-depth review beyond the FCHI-2 Guide.

After the presentation, there will also

Every co-op in the Rental Assistance Program (FCHI-2) will need to complete an Action Plan covering the next three years. The Agency has some good news about that. 

First, we’re announcing the launch of our online Self Assessment and Action Plan tools, which will help with your planning. By the end

Index-Linked-Mortgage (ILM) housing co-operatives are eligible to join the Rental Assistance Program (FCHI-2) as soon as their first mortgage has been repaid and federal assistance for operating expenses ends. 

Something to be aware of is that in certain situations ILM cooperatives may receive two

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