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Coverage for Loss of Housing Charges
Being under-insured puts a co-op at risk. Insurance protects against a misfortune that strikes without warning. In a housing co-op anything can happen, from a fire - several major fires have occurred over the past few years - to a staff person or president gone missing, along with the entire capital
Your Insurance and Legal Grow Ops
Under new federal rules introduced in August 2016, landlords have little recourse if a tenant is growing licenced medical marijuana in their unit. There’s a risk, though, that insurance policies will not cover damages from any activities deemed ‘high risk’, and, in most cases, the operation of a
Recouping your Loss from Fraud
The Agency has discovered that some housing co-operatives victimized by fraud are unable to collect on their insurance because they miss the deadline for reporting their loss. Others don't try to make a claim out of the mistaken belief that a claim won't succeed without a criminal conviction.
Our
Q&A on Insurance for Housing Co-operatives
More Co-ops to Join the Rental Assistance Program
On 13 January, the Minister of Housing and Diversity and Inclusion, Ahmed Hussen, announced $118.2 million in funding for co-ops through the Federal Community Housing Initiative (FCHI).
This new funding is for co-ops located in B.C., Alberta, Ontario, Quebec and PEI whose CMHC operating agreement
Rental Assistance Program Online Training Sessions
Are you a Rental Assistance Program administrator or new to the program?
If so, you might be interested in one of our upcoming online training sessions that will provide a general overview of the program and a more in-depth review beyond the FCHI-2 Guide.
After the presentation, there will also
Tip of the Month
Co-ops without Paid Managers
Since 2007, the percentage of co-ops without paid help is down by more than half to a mere 2% of Agency clients. Another 12% just have a lonely bookkeeper.