Certificate of Amendment – Name of Co-operative
Agency for Co-operative Housing
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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
Automatic Subsidy Repayment
Date
6 April 2016
The money in a co-op’s Subsidy Surplus Reserve is not allowed to grow beyond $500 per unit plus interest. Anything more is paid back to CMHC every year. This process has not always gone smoothly for some of the Agency’s clients. We knew there was a better way, so we proposed a change, which CMHC has
Bulletin: GST/HST Rebates: Is Your Housing Co-op at Risk of Losing Them?
CHF Canada
GST/HST Rebates: Is Your Housing Co-op at Risk of Losing Them?
Date
17 October 2016
The Co-operative Housing Federation of Canada (CHF Canada)’s new bulletin helps federal co-ops determine future eligibility and access to GST/HST Rebates after operating agreements end.
Tip of the Month
Good Vacancy Loss
Some vacancy loss is by choice, because units are being refreshed for new members. So not a loss but an investment.