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Topping up Your Capital Replacement Reserve after Mortgage Payout

Date
24 August 2022

Many co-ops in the Agency’s portfolio reached an important milestone in the past several years: finally paying off their mortgages. For many, that has opened wide new worlds of financial freedom. And the good news is that many co-ops are using that freedom to top up their capital reserves. 

Housing Market Outlooks for 2023
Will Dunning
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2023 Utility Allowances for Ontario
CMHC
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2023 Utility Allowances for PEI
CMHC
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2023 Utility Allowances for British Columbia
CMHC
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2023 Utility Allowances for Alberta
CMHC
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Temporary Rental Assistance Funding goes to 102 Co-ops
Date
14 May 2021

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

Arrears Management Tip Sheet
Agency for Co-operative Housing
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CMHC Preservation Fund Information Sheet
Agency for Co-operative Housing
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Tip of the Month

Directors in Arrears

8% of Agency clients have board members in arrears. Good work, especially in a COVID year. In 2007,  28% reported director arrears.

Get Paid