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New Money from CMHC for Planning
Is your co-op thinking of completing a Building Condition Assessment (BCA) or a Capital Replacement Reserve Plan (CRP)? Now’s your chance.
Canada Mortgage and Housing Corporation (CMHC) has just announced the Preservation Fund, an offshoot of their Seed Funding program, which allows co-ops with
Paying for Your Aging-in-Place Renovations
Is your co-op thinking about renovations that would help your members age in place? These changes may be considered major capital projects that can be quite costly.
However, depending on the location of your housing co-op, you can apply for various rebates that will help with reduce the expense.
Br
CHF Canada Greener Co-op Microgrant
Would you like your co-op to have a positive impact on the environment? Do you want to decrease your consumption of non-renewable resources and save money while doing it? Maybe you’d like to start a community garden, or install a few rain barrels? Do you want to explore adding solar panels or a roof
Information Worth Paying For
By this time, all Agency clients know that we encourage you to invest in—or update—a building condition assessment (BCA). If you are refinancing, your co-op will also need environmental testing and an appraisal from a firm acceptable to the lender you are approaching. What you may not know is that
Borrowing
As you come to the end of your mortgage, or earlier, your housing co-operative may need to borrow new money. The property may need more work than the capital replacement reserve can fund. Or you may have been looking forward to updating the older elements of your buildings and units. Some co-ops
Q&A on Private Financing
Tip of the Month
Risk Trend
92% of Agency clients have a Strengthening or Stable risk trend. Proof of many good decisions.