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Welcome to the Rental Assistance Program (FCHI-2)
Welcome to the Rental Assistance Program (RAP)! If you or the co-op are new to the Rental Assistance Program, we highly recommend reviewing these resources to get started.
From CMHC FCHI-2 Program Website:
- CMHC FCHI-2 Reference Guide - Outlines all program guidelines, we recommend reading at least
About Co-ops
A housing co-operative is a democratically controlled association formed to provide housing for its members. The typical Canadian housing co-operative owns houses or apartments and rents them to members for an indefinite period of time on a non-profit basis. When a member moves out, their membership
Funding Programs
The original federal co-operative housing programs differ in detail, but all have a similar purpose:
- to provide modest, affordable housing that meets the needs of low- and moderate-income Canadians
- to encourage families and individuals of different incomes and backgrounds to come together in the same
Revolutionizing Affordable Housing: CMHC’s New Affordable Rental Innovation Fund
Date
20 October 2016
The goal of the Affordable Rental Innovation Fund is to encourage new funding models and innovative building techniques in the rental housing sector. Canada Mortgage and Housing Corporation (CMHC) is looking for unique ideas that will revolutionize the sector moving forward. In the process, the
Housing Need Stable in Canada, 1.7 Million Canadian Households Affected
Date
22 November 2017
Canada Mortgage and Housing Corporation (CMHC) and Statistics Canada, are releasing the core housing need figures from the 2016 Census. In 2016, the rate of core housing need in Canada stood at 12.7%, representing 1.7M households. This new data indicates the proportion of Canadian households in
Prepayment of Long Term Non Renewable Loans with CMHC
Date
25 July 2016
On June 11th, 2016, the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister responsible for Canada Mortgage and Housing Corporation (CMHC), announced that the Government is providing $150 million over four years to allow co-operatives and non-profit social
Update for Post-1991 ILM Co-ops in BC and Alberta
Date
14 March 2024
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
Date
15 April 2024
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
Tip of the Month
Co-ops without Paid Managers
Since 2007, the percentage of co-ops without paid help is down by more than half to a mere 2% of Agency clients. Another 12% just have a lonely bookkeeper.