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On May 15, the Federation of Canadian Municipalities (FCM) launched a $300 million fund to support sustainable affordable housing. This fund will help pay for the planning and delivery of retrofits and new construction for higher energy performance.

Here’s what we know so far from FCM….

The Green

Over the past 15 years, the Agency has worked with a number of co-operatives facing serious and complex financial challenges. Effective solutions can be difficult to achieve. They demand flexibility and an enormous commitment to positive change from everyone involved. At the Agency, nothing makes us

The Agency has developed a new information source that can guide your co-op as you navigate to the end of your CMHC agreement. The web page we’ve called Your Expiring Operating Agreement will help you chart the best course as your co-op embarks on its new chapter. Serving as an information hub, the

In 2018 CMHC made an offer to a particular group of clients, which the Agency encouraged them to accept. For a limited time, S61 co-ops locked into a high interest rate could prepay their mortgages without the usual penalty. (Unfortunately, the opportunity is no longer available.) Chadwick Towers, a

CMHC has provided the Agency with the 2021 utility allowances. 

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.)

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