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The End of ILM Operating Agreements
For housing co-operatives with an Index-Linked Mortgage (ILM), the expiry of operating agreements is a complicated affair – more so than for their S95 Program cousins. To understand what happens at the end of your operating agreement, begin by looking at the agreement version your co-op signed
Refreshing our Agency Reports
The Agency is currently working on refreshing our four key reports for co-ops: the Risk Report, Compliance Report, Plain-Language Financials, and the newly renamed Performance Report (previously known as the Co-op Data Report). Our goal was to make each report more accessible and engaging. We have
Case Studies of Housing Projects with Operating Agreements That Have Ended
Federal Program Housing Co-ops: Getting Better All the Time
There’s no doubt that, as a group, the Agency’s client housing co-operatives are continuing to produce better results. We compared their performance in 2018 with their operations in the Agency’s early years—now more than a decade ago—and we are impressed with our clients’ progress. It was also good
Renovations Photo Contest – Enter for a Chance to Win
Has your co-op recently undergone a renovation? No matter how big or small, if you have a story to tell, we want to see it. You’ve all heard this one before—a picture is worth a thousand words… Well, in this case, the right picture is worth a $100 Home Depot gift card!
We know that our clients have
Eileen Tallman’s New Adventure in Sustainability
Eileen Tallman Co-operative Homes is a stable housing community in Ottawa’s mid-western suburbs. Moderate and mid-range in many ways, this co-op was part of the dramatic expansion that took place in co-operative housing between 1979 and 1984. Like many co-ops of that period, it has 60 units of
Here Comes the New Rental Assistance Program!
This March, more than a hundred Agency clients will see their operating agreements expire along with their last payment of income-tested assistance. Just in time, with a start date of April 1, 2020. Canada Mortgage and Housing Corporation (CMHC)’s new FCHI Phase 2 Rental Assistance program will then
Our Trending Rental Markets
Each year Canada Mortgage and Housing Corporation (CMHC) produces rental-market reports for many parts of Canada. These reports are an in-depth look at the trends Canadians can expect to see in rental housing. Because CMHC’s rental-market reports for January 2020 covered only major cities, we asked
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.