One of the largest and oldest co-ops on Vancouver Island is Marigold Co-op, a co-op originally created under a Section 61 operating agreement.
Even before the operating agreement was scheduled to end, the co-op found itself needing to undertake a major roofing project. The co-op, armed with a CHF BC asset management plan, obtained financing (second mortgage) from Vancity Credit Union and approval from CMHC.