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A Closer Look at Action Plan Goals
Date
13 December 2022
CMHC’s Rental Assistance Program (FCHI-2) has introduced a new requirement—submitting an Action Plan every three years. Co-ops are using these Action Plans to set goals that will improve their own long-term operational practices while helping to strengthen the co-op housing sector.
After working
Quick Guide to the Rental Assistance Online Calculator
The Agency for Co-operative Housing
Overview of CMHC’s Rental Assistance Program for ILM Co-operatives in Ontario
Tip of the Month
Plans in Action
The average co-op with an approved capital replacement plan tucks away more than $3,600 per unit in reserves each year--triple the 2007 amount. Does their future hold better windows? New kitchens? Savings mean more choices.