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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
Creatively Aging in Place
Nowadays, co-op members tend to stay in their homes for decades. Some even claim, “I’m only leaving feet first!”
As a stable membership has many benefits, every co-op should now be thinking about the special needs of their aging members. While the passage of time affects everyone, some are hit harder
Q&A on Undertaking Capital Projects
Fifty Years at the Co-operative Housing Federation of Toronto
Long ago, I was preparing to interview for the job of co-op coordinator. I knew little about housing co-ops, except that they were a good thing.
A friend at CHFT lent me CHFT’s first manual How to Run a Housing Co-op. I spent three hours on a folding chair in the office, reading and making notes
Heat Pump Energy Performance Study
A performance study of the new heat pumps instaled at Oshawa and Black Creek Co-operative Homes in Ontario. Heat pumps found to provide greater efficiency with heating as well as cooling during the summer
Q&A on Energy Audits
Caring for Your Buildings
Housing co-operatives have just one valuable asset: their property. So it makes sense to take care of it.
A well-kept housing co‑operative has prouder, happier members who love their homes. It’s a place where other people want to live. And one that will serve generations to come, far into the
Plan for the Future
Good planning is the secret behind a building that doesn’t look its age. Without a plan, your co-op can’t know how much you’ll need to save for major repairs. Until you know this, you don’t know what your housing charges should be.
Your plan begins with a recent building condition assessment that
Stay in Good Shape
A residential building requires constant maintenance. Blame it on entropy.
There are caretaking tasks to be done daily or every few days, such as clearing snow, polishing the glass at the entrance, cutting the grass and cleaning the halls, elevators and laundry room.
Routine maintenance should
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.