Annual Health Check Brochure
Agency for Co-operative Housing
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Q&A on the Annual Health Check
Agency for Co-operative Housing
Daniel Ish
Vice-President
Gail Church
President
The Movement Grows
Beginning in 1973, Canada Mortgage and Housing Corporation (CMHC) actively supported the development of housing co‑operatives under various programs. The federal programs are often identified by the section of the National Housing Act under which they were funded.
Co-operative Housing In Canada
University students were Canada’s pioneers in meeting their need for housing through the co-operative model. In 1936, Campus Co-operative Residence at the University of Toronto began to offer affordable housing for students, who were expected to move out after graduation.
Housing Partners
A co-op member speaks at CHF Canada's annual meeting (2018).
Canada Mortgage and Housing Corporation (CMHC) is responsible for federal co-operative housing programs and policies. The CMHC website offers research and advice on housing for Canadians. The Agency is pleased to provide services to CMHC
Funding Programs
The original federal co-operative housing programs differ in detail, but all have a similar purpose:
- to provide modest, affordable housing that meets the needs of low- and moderate-income Canadians
- to encourage families and individuals of different incomes and backgrounds to come together in the
Province of BC Provides $2 Million to Assist Low-Income Co-op Households
Date
5 December 2016
Up to 300 low-income co-op households will benefit from the BC government’s $2 million in assistance to make their homes more affordable. This funding will bridge the shortfall resulting from expired federal operating agreements.
The provincial funding is intended to support co-ops whose federal
Revolutionizing Affordable Housing: CMHC’s New Affordable Rental Innovation Fund
Date
20 October 2016
The goal of the Affordable Rental Innovation Fund is to encourage new funding models and innovative building techniques in the rental housing sector. Canada Mortgage and Housing Corporation (CMHC) is looking for unique ideas that will revolutionize the sector moving forward. In the process, the
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.