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Preservation Fund: Financial Assistance with Essential Planning Tools
In October, we reported on New Money from CMHC for Planning through Canada Mortgage and Housing Corporation (CMHC)’s Preservation Fund. The fund was created as an offshoot of the Seed Funding program, which allows co-ops with federally administered operating agreements, in good standing, to apply
Call for Applications: The National Housing Council for a National Housing Strategy
Do you want to help dismantle the barriers that Canadians face in accessing affordable housing? Are you involved in the housing or human-rights sector and eager to secure better housing outcomes? Are you interested in providing advice and recommendations on the National Housing Strategy? If so
Federal Program Housing Co-ops: Getting Better All the Time
There’s no doubt that, as a group, the Agency’s client housing co-operatives are continuing to produce better results. We compared their performance in 2018 with their operations in the Agency’s early years—now more than a decade ago—and we are impressed with our clients’ progress. It was also good
Co-op Data Report: Your Co-op and All the Others
In 2018, we asked our co-op clients to rank the Agency reports they receive each year from most to least useful. For co-op managers, the Co-op Data Report ranked at number 3. For board members, it came last—at number 5. So now we have another question… is your co-op getting all it can from this
Community Housing Transformation Centre
The Community Housing Transformation Centre (The Centre) has officially opened its virtual doors on December 13, 2019 with a mission to work with housing organizations across Canada. The Centre is a one-stop shop for housing expertise, resources and counsel that provides real solutions for housing
Here Comes the New Rental Assistance Program!
This March, more than a hundred Agency clients will see their operating agreements expire along with their last payment of income-tested assistance. Just in time, with a start date of April 1, 2020. Canada Mortgage and Housing Corporation (CMHC)’s new FCHI Phase 2 Rental Assistance program will then
Protecting Your Co-op during COVID-19
The Agency sent the notice below to all its clients on Thursday, March 26, 2020.
While this new reality lasts, your co-op will need to keep things moving as much as possible. The situation is evolving every day, but here is what we know now.
Keep your members safe
We encourage our co-op housing
CMHC Extends Financial Assistance to August 2020
The Agency sent the notice below to all its clients on Friday, March 27, 2020.
Circumstances in Canada are changing from day to day, as the COVID-19 pandemic makes itself felt throughout our lives. For this reason, CMHC has made three decisions that affect housing co-ops.
- Because housing
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.