Maybe you’re looking to lower your co-op’s energy bills by installing a new high-efficiency boiler or replacing those drafty old windows. The question becomes “Is this the best investment for our co-op?”
Co-ops take different approaches to energy retrofits. Some do one project at a time, perhaps by
The Agency sent the notice below to all its clients on Friday, March 27, 2020.
Circumstances in Canada are changing from day to day, as the COVID-19 pandemic makes itself felt throughout our lives. For this reason, CMHC has made three decisions that affect housing co-ops.
Does your co-op have a small green project in mind? This is your moment. Apply now and take advantage of the deadline extension to April 30, 2020.
Housing co-ops can save some money and help the environment too through CHF Canada’s Greener Co‑op Microgrant program. The grant applications are
FCHI-2 is the new rental-assistance program for federally administered co-ops and non-profits, announced as part of the federal government’s National Housing Strategy. With all of Canada battling to slow the spread of COVID-19, CMHC has delayed its launch of the new program to September 1, 2020
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
On May 15, the Federation of Canadian Municipalities (FCM) launched a $300 million fund to support sustainable affordable housing. This fund will help pay for the planning and delivery of retrofits and new construction for higher energy performance.
Here’s what we know so far from FCM….
The Green
Almost all housing co-operatives that have received assistance under federal programs in Canada have, or once had, an operating agreement with Canada Mortgage and Housing Corporation (CMHC). The CMHC agreements set out what each party is required to do during a term that varies from 30 to 50 years.
Sounds simple, but if every member uses less water, you can shrink your co-operative’s water bill, leaving more money for other priorities. Water rates may rise in future; now is the time to take action.
Are outdoor lights on sensors or timers? Has your co-op switched to LED lighting in your common spaces? Good investment! Not only will it use 75 to 90 % less electricity than incandescent, but the bulbs will last much longer.
Encourage your members to cut energy use too. They can turn down the
The trend to hire management companies continues. 58% of co-ops hire management companies, compared to 28% that employ independent staff as their managers.