Action Plan and Self-Assessment Online Tools – Your Annual Planning Soon to be Easier 

Date
9 March 2022

Every co-op in the Rental Assistance Program (FCHI-2) will need to complete an Action Plan covering the next three years. The Agency has some good news about that. 

First, we’re announcing the launch of our online Self Assessment and Action Plan tools, which will help with your planning. By the end of the week, your main contact will receive the link that will take your co-op to these new tools. Click on that link and use your CHAIS username and password to log in to the Agency’s system.  

Second, CMHC has extended the Action Plan filing deadline to 1 August 2022 for co-ops that joined the Rental Assistance Program between 1 September 2020 and 1 July 2021. We are delighted that you’ll have more time to work with the Self-Assessment and Action Plan, which should lead to a better decision-making for your co-op.  
  
To help you get to know the new tools, the Agency has scheduled several training webinars on the dates below, cohosted with co-op housing federations. You’re welcome to join any of these sessions, but note the different time zones: 

  • 15 March 2022 6:30 to 8:00 pm (Eastern Time) Cohosted with CHFT and PHCHF  
  • 15 March 2022 6:30 to 8:00 pm (Western Time) Cohosted with CHF BC  
  • 16 March 2022 6:30 to 8:00 pm (Eastern Time) Cohosted with CHASEO  
  • 17 March 2022 6:30 to 8:00 pm (Mountain Time) Cohosted with NACHA  
  • 21 March 2022 6:30 to 8:00 pm (Eastern Time) Cohosted with CHF Canada  

To register, please send us an email at info@agency.coop and include your name, the name of your housing co-op and your preferred training date.  

All co-ops that have completed the voluntary Self Assessment and filed their Action Plan by 30 April 2022 will be entered for a draw for an iPad.  At each session, we will also give away a virtual door prize: a $50 gift certificate to the grocery store of your choice.    

More Information About the Self Assessment Tool 

Planning is hard. That’s why the Agency has developed an optional online Self Assessment that will help your co-op identify and decide on goals for your Action Plan. It’s a questionnaire that takes you through up to five key areas that are important to your co-op’s operations.  When you’ve finished the Self Assessment, you can glide straight into your Action Plan and use your answers to create one or more goals. You have the freedom to make different choices or pause your work and come back to it.  

We know that most co-ops will find the Self-Assessment useful, but it’s not required. If you wish, you can go straight to the Action Plan and complete it via our online platform, using your co-op username and login.   

If you’d like more information about what the Action Plan will involve, you’ll find it here.  
 

Tip of the Month

Capital Reserve Balance

61% of Agency clients hold a capital reserve balance of at least $6,000 per unit. By almost doubling the amount from 2007, co-ops are nearly twice as ready to meet their future needs.