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2020 Rent Supplement Portfolio Report
Agency for Co-operative Housing
Finally! The Online Calculator for the Rental Assistance Program is Launched
Date
20 December 2021
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
Who Does What?
Managing Your Business
Housing co-operatives are small businesses formed to provide housing for their members. They prosper best when they are fully occupied and members pay their housing charges in full and on time.
A housing co-op is not a complex business, but it takes work to keep it going. As the steward of your
Protecting the Environment
This world is the only one we have. Investing in sustainability will save your co-op money and protect future generations too.
Check out ideas from the Agency, Canada Mortgage and Housing Corporation (CMHC), Co-operative Housing Federation of Canada and others that will help reduce your co-op’s
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
The Movement Grows
Beginning in 1973, Canada Mortgage and Housing Corporation (CMHC) actively supported the development of housing co‑operatives under various programs. The federal programs are often identified by the section of the National Housing Act under which they were funded.
Co-operative Housing In Canada
University students were Canada’s pioneers in meeting their need for housing through the co-operative model. In 1936, Campus Co-operative Residence at the University of Toronto began to offer affordable housing for students, who were expected to move out after graduation.
Tip of the Month
Capital Reserve Balance
61% of Agency clients hold a capital reserve balance of at least $6,000 per unit. By almost doubling the amount from 2007, co-ops are nearly twice as ready to meet their future needs.