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Winning with the Rapid Housing Initiative
COVID-19 has exposed the desperate need for more affordable housing. As part of the National Housing Strategy (NHS), CMHC has developed an extra funding model to speed up the delivery of affordable housing units in the teeth of the pandemic. Called the Rapid Housing Initiative (RHI), it provides
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
Temporary Rental Assistance Funding goes to 102 Co-ops
Late last year the Agency swung into action at CMHC’s call. We were asked to get temporary rental assistance to co-ops whose operating agreements had ended before 2016. (These co-op were locked out of the new Rental Assistance Program because their agreements had expired too early.)
Led by retired
Action Plan: Planning to Act! - Updated from 18 October 2021
“Failing to plan means planning to fail.” We’ve all heard someone say that. Planning is hard, important work, but it’s just got easier owing to some help from the Agency.
Timing
CMHC’s Rental Assistance Program (FCHI-2) requires co-ops to complete an Action Plan covering their next three years
Finally! The Online Calculator for the Rental Assistance Program is Launched
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
Making Ends Meet: Our 2020 Rent Supplement Report
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
More Co-ops to Join the Rental Assistance Program
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
Rental Assistance Program Online Training Sessions
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
Action Plan and Self-Assessment Online Tools – Your Annual Planning Soon to be Easier
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
Tip of the Month
Capital Plans and Contributions
Comparing 2007 and 2020, we saw the median annual contributions per unit almost triple ($1,026 per unit to $3,052).