Information Sheet on Mortgage Payment Deferrals during COVID‐19
Agency for Co-operative Housing
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Your Expiring Operating Agreement
Over the next few years, many housing co-operatives will see their operating agreement come to an end. This event could mean a new beginning for your co-op. You can enjoy a bright future without an operating agreement—provided you play your cards right.
Perhaps your co-op’s future includes major
A Thank-You We Are Proud To Share
Date
3 June 2020
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
Guiding the end of your operating agreement
Date
18 June 2020
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
Chadwick Towers Prepays its Mortgage
Date
13 July 2020
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
Overview of Rental Assistance (FCHI-2) for S95 co-ops
Agency of Cooperative Housing
12 Tips to Keep Your Units Full
Agency for Co-operative Housing
2021 Utility Charges for Rental Assistance Clients
CMHC
2021 Utility Allowances
Date
19 April 2021
CMHC has provided the Agency with the 2021 utility allowances.
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
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).