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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
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.