New funding for building projects - July 4, 2016

New Funds for Building Projects

CMHC has announced a new renovation and retrofit program, “Reno/Retro 2016 For Existing Social Housing Administered by CMHC”. Potentially eligible co-ops will receive a letter from CMHC this week (depending on Canada Post) or hear about the program in the news. Here are some key points:

  • The program is only for co-ops with current operating agreements with CMHC. Co-ops with expired agreements, or Homes BC agreements do not qualify.
  • The total amount available for co-ops and non-profits is only $77.6 million. Competition will be fierce.
  • Applications will be evaluated according to need and will target building envelope work, mechanical/electrical/ventilation systems, energy efficiency improvements and health and safety needs. Co-ops with recent engineering assessments that call for work in the near future are best positioned to move ahead with an application.
  • Applications are due August 2, 2016, and work must be ready to proceed within three (3) months of approval. (Projects must be completed with final invoices for payment sent to CMHC by March 31, 2018).
  • Visit www.cmhc.ca/RenoRetro for more information.

 

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CHF BC is ready to assist your co-op with an application

If your co-op would like CHF BC to prepare and submit an application, please contact us on or before July 15, 2016. We can help:

  • Collect necessary information and review your co-op’s eligibility
  • Complete and submit an application form to CMHC
  • Provide project management if successful by:
    • Assisting with commitment and contribution agreements
    • Providing design and tender services
    • Providing construction and contract administration

Fee for services is $500, payable in advance. If your application is successful and you choose CHF BC as your project manager, the fee is refundable.
 
Please email members@chf.bc.ca or call Patrick O'Brien at (604) 343-2357.