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Preservation Fund: Financial Assistance with Essential Planning Tools
In October, we reported on New Money from CMHC for Planning through Canada Mortgage and Housing Corporation (CMHC)’s Preservation Fund. The fund was created as an offshoot of the Seed Funding program, which allows co-ops with federally administered operating agreements, in good standing, to apply
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
Diversity Scholarships Make a Difference
No argument—2020 has been a tough year for everyone. However, some of us have used the time to assess and reflect on our future. For you, this could mean continuing with your studies or going back to school after taking a break. If this possibility interests you, 2021 brings good news, provided you
The Offer We’ve Been Waiting For: Temporary Rental Assistance
Special one-time rental assistance is now available to housing co-operatives and non-profit housing providers whose operating agreements ended before April 1, 2016.
Just as the name says, temporary rental assistance is not long term, but it does mean—for up to a year—more money in the pocket of any
Is your co-op taking advantage of funding programs?
From new construction to sustainability upgrades, a housing co-op always has projects on its wish list.
Fortunately, Canada Mortgage and Housing Corporation (CMHC) and other organizations offer funding programs that your co-op can use to turn those wish-list items into reality.
CMHC Seed
An Exciting Announcement for the Canadian Housing Co-op Movement
Last week marked the release of the 2022 federal budget and it contained great news for the housing co-operative movement in Canada.
The budget contains $1.5 billion in funding and loans dedicated to co-operative housing to help create 6,000 for a new generation of co-op homes across Canada.
T
Q&A: Annual Information Return (AIR) For Housing Co-ops
This is a short guide to better understanding the Annual Information Return (AIR) for housing co-ops and the importance of filing on time.
Q&A: Annual Information Return (AIR) For Housing Co-ops
What is the Annual Information Return (AIR)?
The Annual Information Return is the online form your auditor files on your behalf with the Agency for Co-operative Housing. Several back-up documents accompany the filing:
- Your signed audited financial statements for thefinancial year
- The co-operative's
Thank you from Your Friends at the Agency
Your co-op’s needs and concerns, as we understand them, are at the core of the services and tools the Agency provides. We aren't perfect, and we recognize that our delays and technical issues have frustrated our busy co-operative clients.
We are deeply grateful to you for your patience and
Tip of the Month
Plans in Action
The average co-op with an approved capital replacement plan tucks away more than $3,600 per unit in reserves each year--triple the 2007 amount. Does their future hold better windows? New kitchens? Savings mean more choices.