Your Expiring Operating Agreement

Woman wearing a yellow hard hat conducting an inspection

Over the next few years, many housing co-operatives will see their operating agreement come to an end. This event could mean a new beginning for your co-op. You can enjoy a bright future without an operating agreement—provided you play your cards right.

Perhaps your co-op’s future includes major property renewal, incorporating sustainable systems and materials or adding more units? We’ve assembled resources and information on funding programs to help you make your dreams for your co-op come true.

Planning for the End of your Operating Agreement

As your co-op gets ready, you’ll find a short overview on our Planning page. If you like lists, a good starting point is the Board Checklist to prepare for the End of Your Agreement. As you tick off the items, you’ll be entitled to feel that your co-op is taking control of its future.

You can also find answers to your questions in the Q&A for your co-op’s CMHC program.

Q&A on the End of the ILM CMHC Operating Agreement - Ontario / PEI


Q&A on the End of your S27/61 CMHC Operating Agreement


Unsure? Confused? We can help.


Your Rental Assistance

One of co-op housing’s strengths is our income mixing. CMHC’s Rental Assistance Program (FCHI-2) allows Agency clients to continue to assist members of low and modest income with their housing costs after older programs come to an end.

The amount of assistance available reflects information provided by each co-op on its members’ current need for housing support. For the first year, your co-op will receive a initial sum to subsidize an initial number of households. At the end of the first year, some adjustments may take place, depending on how much you’ll need in future.

Get Connected!

You may wish to join the Agency’s Facebook group on the Rental Assistance Program FCHI-2. Here you can pose questions, read Agency updates on the program and see what inquiries other co-ops have already made. Feel free to ask us anything about the program and we’ll try to answer.


The Agency is administering the new Rental Assistance Program (FCHI-2) on CMHC’s behalf. We are building on-line tools to help your co-op calculate and submit your claim, which the Agency will reconcile against your Annual Information Return (AIR). Filing your AIR will mean that your co-op will receive your usual set of informative Agency reports every year on your co-op’s performance.

The Rental Assistance Program also calls for each co-op to create an action plan on ways to improve its operations. However, these don’t need to be prepared right away. You’ll hear more from us about action plans in the coming months.

More Resources


Taking Care of your Property


By the time your agreement expires, or even before, it’s likely that your property will need some major work. To figure out how much work and what it might cost, you’ll need a current building condition assessment (BCA).

Fortunately, CMHC’s Preservation Funding can get you started by covering the cost of your BCA and any other technical reports you might need. The Community Housing Transformation Centre is another possible source of funding for studies or other initiatives. Talk to your relationship manager to find out more.

If you’re looking for assistance in getting the work done, CHF Canada’s and CHF BC’s Asset Management Services are available to help your co-op on a fee-for-service basis.

If you already have a recent BCA, you’ll also need either a Capital Reserve Plan or an Asset Management Plan. Based on your BCA, these plans tell you when and how much you’ll need to spend on your property and how you can pay for the work. More information about these plans is available at the resources below.

Q&A About Capital Replacement Reserve Plans


Guide to Building Condition Assessments and Reserve Fund Studies


Becoming More Energy Efficient

As you plan for major building repairs, look carefully at how you can reduce your co-op’s energy consumption, not only to save on energy costs, but also to help our planet. See what these programs have to offer you.

National Co-Investment Fund

Sustainable Affordable Housing


Your co-op will more than likely need a loan to pay for the work on your property. Since you’ve already got a recent BCA, your next step is to get a new mortgage. Most co‑ops will benefit from working with a federation that offers this service, such as CHF Canada or CHF BC.

The Q&A below will give you an overview on borrowing. Our Guide to Private Financing has more detailed information.

Q&A on Private Financing


Guide to Private Financing for Agency Clients


Tip of the Month

Capital Plans and Contributions

Comparing 2007 and 2020, we saw the median annual contributions per unit almost triple ($1,026 per unit to $3,052).