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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
Calling all MURBs!
There's still time to take part in NRCan’s national Survey of Energy Use for Multi-Unit Residential Buildings (MURBs).
The survey was launched in September 2018 to collect data on MURBs in eight cities: Halifax, Montreal, Ottawa/Gatineau, Toronto, Hamilton, Winnipeg, Calgary, and Vancouver.
This
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
Hawthorne Housing Co-operative: A More Sustainable Future
What is Hawthorne Housing Co-operative thinking? Many co-ops would view its healthy condition with envy and look for no further improvement. Yet, with the end of its extended operating agreement in view, Hawthorne (Surrey, BC) is preparing itself for a sustainable future.
On the whole, the 59-unit
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
Looking to Borrow in a Year or so? Introducing the HPC Housing Investment Corporation
In February, British Columbia’s Community Land Trust (CLT) completed the refinancing for a building that houses two Vancouver co-operatives, Railyard and Aaron Webster. The deal was put in place with the help of the HPC Housing Investment Corporation (HIC) through a process known as take-out
10 Ways to Reduce Waste at your Co-op
Waste is a silent thief that takes bites out of your co-op’s bottom line without adding to your members’ comfort or making community life more enjoyable. Here are some tips on how your co-op can save money over time by wasting less.
1. If your co-op pays for garbage pick-up, but not for
Tip of the Month
Good Vacancy Loss
Some vacancy loss is by choice, because units are being refreshed for new members. So not a loss but an investment.