Q&A on the AIR for Auditors
Agency for Co-operative Housing
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Q&A on Underfunded Reserves
Agency for Co-operative Housing
Protect Your Assets
Your co-op has three main assets, although only one appears on the audited financial statements.
Your money and buildings
Protect your co-op‘s property by buying the right insurance in the right amounts. All housing co-ops need five kinds of insurance: property, loss of housing charges, public
Province of BC Provides $2 Million to Assist Low-Income Co-op Households
Date
5 December 2016
Up to 300 low-income co-op households will benefit from the BC government’s $2 million in assistance to make their homes more affordable. This funding will bridge the shortfall resulting from expired federal operating agreements.
The provincial funding is intended to support co-ops whose federal
Prepayment of Long Term Non Renewable Loans with CMHC
Date
25 July 2016
On June 11th, 2016, the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister responsible for Canada Mortgage and Housing Corporation (CMHC), announced that the Government is providing $150 million over four years to allow co-operatives and non-profit social
2018 Utility Allowances for Alberta
Date
27 February 2018
Canada Mortgage and Housing Corporation (CMHC) has provided the Agency with the 2018 utility allowances for Alberta.
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.
2018 Utility Allowances for Ontario
Date
1 January 2018
Canada Mortgage and Housing Corporation (CMHC) has provided the Agency with the 2018 utility allowances for Ontario.
2018 Utility Allowances for Prince Edward Island
Date
25 April 2018
Canada Mortgage and Housing Corporation (CMHC) has provided the Agency with the 2018 utility allowances for Prince Edward Island.
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
Tip of the Month
Vacancy Loss
The number of Agency clients reporting vacancy losses of more than $250 per unit per year has fallen 50% since 2007. While vacancy rates are local, these numbers show good management.