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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
Over-Housing under the Rental Assistance Program
Ten Years of On-Time Filing
We’ve seen great strides made over the years in the number of Agency clients that send us their annual filings on time. Recently, we recognized thirty-six co-ops—about seven per cent of our clients—for 10 years of on-time filing. Like all of our clients, these co-ops have their auditor file an
The Good Governance Test
Local Services Realignment: A User's Guide
The Importance of Good Internal Financial Controls
Good Internal Financial Controls are important to keep everyone honest. In the latest HomeRun Good Practices video, we hear from Access Co-op, COHO Management, and Bridletowne Circle Co-op. Each share their role in keeping good internal financial controls, along with sound advice based on lived
Improved Model Management Services Agreement
The Agency has updated its Model Management Services Agreement and developed it as a fillable PDF document, greatly simplifying the steps to prepare a contract. Changes to the contract reflect the feedback we received through an extensive consultation with sector organizations and management
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.