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Agency for Co-operative Housing
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Agency for Co-operative Housing
Articles of Incorporation
Agency for Co-operative Housing
Certificate of Amendment – Name of Co-operative
Agency for Co-operative Housing
Section 61 Program (1973–1978)
Program Objectives
- To provide modest, affordable housing appropriate to the needs of low- and moderate-income families and individuals
- To house mainly families whose incomes may be too high for public housing but who cannot compete in the open market for housing
- To encourage the integration of
Section 95 Program (1979–1985)
Program Objectives
- To provide modest, affordable housing appropriate to the needs of low- and moderate-income families and individuals
- To produce housing at minimum cost by implementing appropriate cost controls
- To encourage approved lenders to provide capital for low- and moderate-income
Index-Linked Mortgage (ILM) Program
Program Objective
To provide assistance for co-operative housing to promote security of tenure for households unable to access homeownership.
Deep-Need Programs (1982-1989)
This general outline applies to these deep-subsidy programs, with exceptions noted: Prince Edward Island Non-profit and Pre-86 and Post-85 Urban Native.
Program Objectives
To provide modest, affordable housing that meets the needs of low-income families and individuals (under the Urban-Native
A Membership that Truly Understands
Date
29 February 2016
We’ve learnt from your feedback that many co-ops are not sharing their Plain-Language Financials with their members. Because the Agency introduced this service to help members get a better grasp of their co-op’s statements, we asked why. The answers varied. Some boards just haven’t thought of it
A New Approach to Subsidy Repayment
Date
29 February 2016
S95 co-ops are well aware that their Subsidy Surplus Reserve is not allowed to grow beyond $500 per unit plus interest. Anything more than that must be paid back to Canada Mortgage and Housing Corporation (CMHC). Our clients are busy and some find the refund process something of a nuisance. This is
Tip of the Month
Vacancy Loss
The number of Agency clients reporting vacancy losses of more than $250 per unit per year has fallen 50% since 2007. While vacancy rates are local, these numbers show good management.