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Savings
Regular reserve fund contributions help co-ops accumulate the money they need both for major and minor building renewals. An AMP can help your co-op determine what contributions should be, and with more insight into co-op finances than engineers typically can offer.
Co-ops also need to think about developing investment strategies to maximize their returns and help avoid the erosion of their purchasing power. CHF BC does not provide direct investment advice but recommends that co-ops seek out advice from others.
Encasa is a sector-owned investment fund manager. It offers housing providers three mutual funds tailored to their needs, and is a good place to start when considering a co-op’s options.