No need to return subsidy surplus - November 23, 2013

Co-ops can keep subsidy surplus funds

In an announcement Thursday at Vancouver's Twin Rainbows Housing Co-op, Minister of State for Social Development, Candice Bergen, made it official. Section 95 housing co-ops will now be able to keep any money left in their subsidy surplus funds when their operating agreements end. This decision is retroactive, which means that co-ops whose operating agreements have expired can now ask to have those funds returned. 

"This is very welcome news," said CHF BC president, Isabel Evans (pictured above (far right) with CHF Canada president, Anne Davidson (far left) and Minister Bergen). "It's a positive step that will help ease the transition from federal housing agreements to the new arrangements we hope to confirm with the province." 

What's Happening

Hopeful candidates will run for five open positions on the CHF BC board and one on the Finance Committee at our AGM on November 30.

Upcoming Events

November 30
Annual General Meeting

Don't miss the deadline: run for the CHF BC board!

We invite all members to send a delegate to our Annual Meeting on Saturday, November 30 in Burnaby. You can also consider running for one of the five at-large vacant positions on the CHF BC board and one opening on the finance committee. Nomination deadline is November 27. 

This year's AGM promises to be more exciting than ever.

In addition to the election you can also expect:

  • A member forum to hear your views on the challenges we face
  • The launch of our campaign to convince the provincial government to maintain long-term rent assistance for low-income members when those agreements expire
  • A few surprises we can't tell you about yet

The complete registration package including nomination forms was mailed to your co-op and is also available online

Join us and make your vote count!