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Update for Post-1991 ILM Co-ops in BC and Alberta
We are happy to share the news that CMHC has changed its position on surcharges for post-1991 ILM Co-ops in British Columbia and Alberta.
CMHC previously decided that co-ops in the program must continue to collect a surcharge if they have an operating agreement, even though their ILM mortgage has
Celebrating the Successful Roll-Out of the Rental Assistance Calculator
The Rental Assistance Program (FCHI-2) has been a lifesaver for co-op households of low and modest income. As the expiry of the legacy co-op housing programs came closer, about one third of co-op members faced the loss of a housing subsidy geared to their income—which would mean the loss of the co
Social Assistance and How to Calculate Housing Charges
Paying for Your Aging-in-Place Renovations
Is your co-op thinking about renovations that would help your members age in place? These changes may be considered major capital projects that can be quite costly.
However, depending on the location of your housing co-op, you can apply for various rebates that will help with reduce the expense.
Br
Information Sheet - Energy Audits
Highlights of CMHC’s National Housing Conference
In March 2024, Canada Mortgage and Housing Corporation hosted a national housing conference on the theme “Unlocking Solutions Together,” which was attended by housing professionals from across the country, including the Agency’s CEO, Olga Tasci. CMHC has recently released a report entitled What We
Aging in Place at Kensington Seniors Co-op, PEI
Does your housing co-op want members to age in place but isn’t sure what they’ll need? You can start with a simple upgrade, such as installing non-slip flooring at the entrance to your co‑op. Grab bars near toilets and showers are an easy fix, as are detachable shower heads with flexible hoses.
Depe
Information sheet: Aging in place
Celebrating the First Year of the Rental Assistance Calculator
The Agency celebrated the first anniversary of the launch of the Online Calculator for the Rental Assistance Program (FCHI-2) earlier this year
Last year, we completed the onboarding of all housing co-ops in the program. We can’t give enough thanks to the co-op managers, property management staff and
Tip of the Month
Plans in Action
The average co-op with an approved capital replacement plan tucks away more than $3,600 per unit in reserves each year--triple the 2007 amount. Does their future hold better windows? New kitchens? Savings mean more choices.