Asset Management 101

We’re usually focused on the present -- getting through the day, the week, the month. It’s often hard to set aside time to think about the longer term. But whether we’re hoping to travel somewhere for a vacation, continue our educations, or prepare for retirement, we need to devote time and resources to making plans for the future. The same is true of course for co-ops, although the numbers tend to be bigger (and sometimes more frightening!)

Asset Management 101 will take a look at why planning is important, why three-to-five year plans are insufficient, and what general principles need to be taken into account when working to secure your co-op’s ability to provide good housing that meets members’ needs now and for decades to come.

Through this workshop, participants should:

  • Learn the critical factors to consider in developing a long-term plan
    (renewal needs, member wants, financial capacity, etc.)
  • Consider options in how to regard renewal/capital schedules
  • Remember the connections between maintenance practices and the need for renewal
  • Review strategies for paying for capital projects (saving, borrowing, obtaining grants)

This workshop will include discussions and the opportunity to ask questions.

Everyone is welcome to join us - particularly your board and committee members with a special interest in long-term planning. The session should act as a good complement to the Maintenance 101 workshop held earlier in the year.

This workshop is part of a series of scheduled workshops in Vancouver in 2016. 

Workshop facilitator: Michael Rodgers leads CHF BC’s asset management planning team and has been the Federation’s Director of Co-op Viability for the past four years. Over the last two years, more than 50 co-ops have made use of the Federation’s long-term planning services, working with engineers and developing integrated financial plans.

Fee: 

  • CHF BC Members: $49.50 - $65 per person  (maximum 4 people per co-op)
  • Non-Members: $260 per person

 

 

Contact Email: 
education@chf.bc.ca
Event Date: 
September 13, 2016
Event Time: 
6:30 to 9:00 p.m.
Location: 
220 - 1651 Commercial Drive, Vancouver