Housing co-ops welcome funding for housing in federal budget - March 1, 2018

CHF BC welcomes the budget announced by the federal government, which will help more Canadians find a safe, secure and affordable place to call home. 

Have you applied for the CHF BC Scholarship yet? Deadline is Monday, March 5!

View this email in your browser

Housing co-ops welcome funding for housing in federal budget

CHF BC welcomes the budget announced by the federal government on Tuesday, which will help more Canadians find a safe, secure and affordable place to call home. The federal announcement comes hot on the heels of last week’s provincial budget, which promised the biggest investment in affordable housing in BC’s history.

Thom Armstrong, CHF BC’s executive director was optimistic. “While the federal government’s big housing announcement came in 2017, there were also additions of note in this budget, including $1.5 billion over five years for First Nations housing and the $1.25 billion expansion of the Rental Construction Financing Initiative,” he said.

“The devil will be in the details, but it does have the potential to get more affordable supply into the market,” he added, “and many of those new homes should be in community-based co-ops. We know that communities across BC and Canada are suffering from a lack of affordable housing and co-ops are ready and willing to be a significant part of the solution.”

The National Housing Strategy, launched in November, promised the protection of 20,000 low-income co-op households, most of whom are seniors, single-parent families, new and Indigenous Canadians, and those living with disabilities.

This budget keeps that commitment, but new elements in the budget include:

  • The government’s expansion of the Rental Construction Financing Initiative from $2.5 billion to $3.75 billion in loans over the next three years, which has the potential to play a substantial role in alleviating the affordable housing deficit. There is hope that community-oriented housing providers like co-ops will be prioritized in the roll-out of the program and that we will see increased construction of co-op units over the next three years as a result of this program.
  • Measures to address inequalities faced by women in Canada, particularly in finding a place to live. Housing co-ops have led the way in addressing these inequalities with women making up 58% of the population living in housing co-ops in Canada and with 90% of lone-parent co-op households being female-led.
  • Distinction-based housing strategies for Inuit, Métis, and First Nations peoples which recognize the individual challenges each faces. The government’s announcement of $1.5 billion over five years to fund these strategies demonstrates a financial commitment toward reconciliation with Canada’s Indigenous people.

CHF BC joins with the co-op housing sector across Canada to call on provincial and territorial governments to sign on to cost-matching programs outlined in National Housing Strategy. Tackling Canada’s housing deficits will require a co-ordinated effort between all orders of government, working in partnership with the community housing sector.

For more information, see the Government of Canada’s Federal Budget Plan.

Scholarship deadline is Monday, March 5!

The deadline to apply for a scholarship in 2018 is fast approaching. The CHF BC Scholarship Fund supports the educational goals of co-op members, particularly young co-op members who are already making a contribution to their communities.

If you are you a member of a co-op with educational goals, don't miss the chance to apply: download the 2018 CHF BC Scholarship Fund application and prepare to apply now.

Application deadline is March 5, 2018 at 4:30 p.m.

Come to CHF Canada's AGM in Victoria this June!

This year you have an opportunity to join with co-op members from across BC to connect with co-op members from across Canada at CHF Canada’s 50th anniversary Annual Meeting being held here on the West Coast in Victoria, from June 6 to 9.

All CHF Canada member co-ops are encouraged to send a delegate. This is a fantastic opportunity for your co-op to take full advantage of the learning, networking and other great benefits of a CHF Canada meeting so close to home. Make sure your housing co-op takes part in Canada’s biggest event for co op housing education, training and networking, and have your say in the governance of your national federation.

And thanks to generous support from BC Housing, BC delegates are eligible to receive a $200 bursary to attend the 2018 Annual Meeting in Victoria.

Make sure your co-op sends as many members as possible to this historic 50th anniversary meeting!

Victoria co-op members make up the volunteer committee for the event. But Mainland co-op members are welcome to volunteer too. To learn more about volunteering, contact Shannon Sangster at shannon.chf.agm@gmail.com

Workshops fill up quickly, so book early to make sure you get your first choice. 

To register, or for more information, visit the AGM website. You can also download the printable registration package.

Register now!

Athletes Village Co-op featured in Vancity commercial

If you thought anyone in this new Vancity commercial looked familiar, that's because it features our own CHF BC member, Athletes Village Housing Co-op.

Check it out!

 Upcoming Events

CHF BC Scholarship application deadline

March 5

Legal Duties of Directors - WEBINAR

March 8

Spring Member Forum
March 12

Yikes, I'm the Treasurer!

April 5

Spring Education Conference

April 14

Vancouver Island Member Appreciation Event

April 25

Semi-Annual General Meeting

May 6

Co-op Housing Basics - WEBINAR

May 17

Vancouver Island Council meeting

May 23

Copyright © 2018 Co-operative Housing Federation of BC (CHF BC), All rights reserved.

Want to change how you receive these emails?

You can update your preferences or unsubscribe from this list