Is your co-op thinking about starting a Community Generation project?
This free 2-day event will give your co-op a rough and ready idea of project feasibility.
If your co-op is interested, please check out the Project Incubator website to register and apply for a Project Candidate Assessment and Development Coaching Call. This initial consultation will be used to identify project possibilities and key data to qualify the opportunity, identify fatal flaws, and determine project potential at a qualitative level.
The federal government announced on June 25, that they have extended subsidies to March 31, 2028 as part of their plan to protect affordable housing for low-income co-op households. The Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development made the announcement at the Briarview Housing Co-op in Mississauga, ON.
The extension is the second phase of the Federal Community Housing Initiative that was announced as part of the National Housing Strategy in November 2017. All co-op households that are currently receiving financial assistance will continue to receive the same level of assistance until March 2028
We would like to thank CHF Canada and all the co-op members for their hard work and persistence. Our members hold the key to our future and we have to continue make our voice heard. This is a great step in protecting affordable housing and a time to celebrate. We also have work to do as 2028 is not that far away and we need a more permanent solution.
Ayanna Inniss, NACHA Executive Director
The announcement is a great start but we need additional information on how the new agreement works. Are their any changes, what do we need to do to ensure that each co-op has been extended etc. As a result, we will continue to obtain and share the information with you.
CHF Canada’s news release indicate that “enrollment” will begin in the fall. So please stay tuned and we will provide you with updates via the NACHA website.
Housing Co-operatives come in many forms, and CMHC offers a variety of programs and resources to support the diverse needs of Co-ops across the country.
By taking the lead role in the delivery of Canada’s first-ever National Housing Strategy, CMHC administers a number of funding programs to assist Co-ops in undertaking long-term operating and maintenance planning, repair & renewal projects, as well as new construction activities supporting the expansion or development of Housing Co-operatives across Canada.
Further, as Canada’s authority on housing, CMHC’s resource library includes information on a wide range of topics including:
Co-operative & Membership roles and responsibilities;
There are a variety of studies that you can apply for. Ten co-ops have already been approved and have received approximately $217,000 to conduct studies such as Energy Audits, Refinancing Analysis, Asset Management Plan, Building Foundation etc. Once their studies have been completed, these co-ops will be in a position to apply for the Co-investment Fund and obtain further funding to improve the condition and life of their housing co-op buildings, which will translate to better member satisfaction.
Don’t let this funding opportunity pass you by! NACHA and the Agency are available to help you navigate the requirements. You can also contact Kyle Taylor of Casa Housing Services (587-487-4397) if your co-op is interested in making an application for one of the CMHC Housing Solutions.