CMHC’s Preservation Funding for Community Housing program offers assistance to help co-ops (and other non-profits) better understand their assets. Its focus is on studies. This means there’s money available to help co-ops plan for the future, develop asset management plans and better understand their options.
Co-ops with a Section 95, ILM or Section 61 agreement are eligible to apply. Grants are potentially eligible for:
- Building condition assessments (BCAs);
- Capital replacement reserve planning (CRP);
- Energy audits;
- Professional consultations analyzing operating viability or refinancing (Asset Management Plans can fit in under this category);
- Assessing conversions to more age-friendly (i.e. aging in place) configurations; and
- Related studies.
Learn more about CMHC’s Preservation Funding for Community Housing program and remember to talk to CHF BC’s long-term planning team.