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Province of BC Provides $2 Million to Assist Low-Income Co-op Households
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
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
Canada Mortgage and Housing Corporation (CMHC) has provided the Agency with the 2018 utility allowances for Alberta.
2018 Utility Allowances for BC
Canada Mortgage and Housing Corporation (CMHC) has provided the Agency with the 2018 utility allowances for BC.
2018 Utility Allowances for Ontario
Canada Mortgage and Housing Corporation (CMHC) has provided the Agency with the 2018 utility allowances for Ontario.
2018 Utility Allowances for Prince Edward Island
Canada Mortgage and Housing Corporation (CMHC) has provided the Agency with the 2018 utility allowances for Prince Edward Island.
A Membership that Truly Understands
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
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
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
Co-ops without Paid Managers
Since 2007, the percentage of co-ops without paid help is down by more than half to a mere 2% of Agency clients. Another 12% just have a lonely bookkeeper.