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Many co-ops in the Agency’s portfolio reached an important milestone in the past several years: finally paying off their mortgages. For many, that has opened wide new worlds of financial freedom. And the good news is that many co-ops are using that freedom to top up their capital reserves. 

It’s no secret that, like all things, buildings wear down over time and need to get fixed up. But undertaking major repairs isn't just about replacing what's broken; it's an investment in the longevity, functionality and overall appeal of our living spaces.

Whether you’re revamping a tired façade

A capital replacement reserve plan is a crucial strategy for keeping your housing co-op in good repair over time. The plan outlines the anticipated lifespan of various elements within your property and estimates the funds necessary for their replacement or for major repairs.  

In this article, we