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Topping up Your Capital Replacement Reserve after Mortgage Payout
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.
Sample Action Plan Goals
Investing in Longevity: Stonetown Co-op's Capital Repairs Pay Off
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
New Funding Available to Support Energy Efficiency
There’s good news for co-ops who are looking to move forward on their path to sustainability and better energy efficiency.
CMHC recently launched the Canada Greener Affordable Housing Program, which has two streams of funding available to help co-ops and other community housing providers.
The
How the Community Housing Preservation Fund Helps Co-ops Prepare for the Future
As housing co-ops age, it’s no surprise that buildings wear down, wear out and need repairs and replacements.
But knowing what to replace, and when, isn’t always easy.
Your co-op will make better decisions if you use some (or all!) of the host of different reports and assessments available to
Stay in Shape: Your Capital Replacement Reserve Plan
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
Tip of the Month
No Vacancy Loss
28% of Agency clients lost no money to vacancies last year. Good, if this means members chose to stay in their units. Bad, if new members moved into units that hadn’t been refreshed.