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2018 Utility Allowances for BC
Date
1 January 2018

Canada Mortgage and Housing Corporation (CMHC) has provided the Agency with the 2018 utility allowances for BC.

Section 61 Program (1973–1978)

Program Objectives

  • To provide modest, affordable housing appropriate to the needs of low- and moderate-income families and individuals
  • To house mainly families whose incomes may be too high for public housing but who cannot compete in the open market for housing
  • To encourage the integration of

Section 95 Program (1979–1985)

Program Objectives

  • To provide modest, affordable housing appropriate to the needs of low- and moderate-income families and individuals
  • To produce housing at minimum cost by implementing appropriate cost controls
  • To encourage approved lenders to provide capital for low- and moderate-income

Index-Linked Mortgage (ILM) Program

Program Objective

To provide assistance for co-operative housing to promote security of tenure for households unable to access homeownership.

Deep-Need Programs (1982-1989)

This general outline applies to these deep-subsidy programs, with exceptions noted: Prince Edward Island Non-profit and Pre-86 and Post-85 Urban Native.

Program Objectives

To provide modest, affordable housing that meets the needs of low-income families and individuals (under the Urban-Native

A Membership that Truly Understands
Date
29 February 2016

We’ve learnt from your feedback that many co-ops are not sharing their Plain-Language Financials with their members. Because the Agency introduced this service to help members get a better grasp of their co-op’s statements, we asked why. The answers varied. Some boards just haven’t thought of it

A New Approach to Subsidy Repayment
Date
29 February 2016

S95 co-ops are well aware that their Subsidy Surplus Reserve is not allowed to grow beyond $500 per unit plus interest. Anything more than that must be paid back to Canada Mortgage and Housing Corporation (CMHC). Our clients are busy and some find the refund process something of a nuisance. This is

Automatic Subsidy Repayment
Date
6 April 2016

The money in a co-op’s Subsidy Surplus Reserve is not allowed to grow beyond $500 per unit plus interest. Anything more is paid back to CMHC every year. This process has not always gone smoothly for some of the Agency’s clients. We knew there was a better way, so we proposed a change, which CMHC has

Tip of the Month

Capital Plans and Contributions

Comparing 2007 and 2020, we saw the median annual contributions per unit almost triple ($1,026 per unit to $3,052).

Plan for the Future