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Protecting Your Co-op during COVID-19
The Agency sent the notice below to all its clients on Thursday, March 26, 2020.
While this new reality lasts, your co-op will need to keep things moving as much as possible. The situation is evolving every day, but here is what we know now.
Keep your members safe
We encourage our co-op housing
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
Guide to Maintenance Planning in your Housing Co-op
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
Community Housing Partnership to Deliver Transformative Housing Initiative
A national partnership of housing organizations announced today that Canada Mortgage and Housing Corporation (CMHC) has selected its proposal to create a Community Housing Transformation Centre supporting innovation, capacity building and long-term sustainability of community housing.
This National
Electrical Maintenance in Residential Buildings
The End of ILM Operating Agreements
For housing co-operatives with an Index-Linked Mortgage (ILM), the expiry of operating agreements is a complicated affair – more so than for their S95 Program cousins. To understand what happens at the end of your operating agreement, begin by looking at the agreement version your co-op signed
If Your Co-op is in Poor Shape, How Will You Know?
The sun is setting on your co-op’s CMHC operating agreement. Did you know that, soon after, your co‑op will no longer receive the Agency’s reports on your co-op’s health? Many Agency clients rely on our suite of reports—the Risk Report, Plain-Language Financials and Performance—to make informed
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.