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Every co-op in the Rental Assistance Program (FCHI-2) will need to complete an Action Plan covering the next three years. The launch of the Self Assessment and Action Plan will take place in the week of 7 March 2022, with a submission deadline of 1 April 2022 for your plan.

September 1, 2020 marks an important date for co-ops that began under federal funding programs. CMHC’s new Rental Assistance Program (RAP, also known as FCHI-2, or the Federal Community Housing Initiative – Phase 2) is about to launch.

The co-op housing sector lobbied hard for the federal government to respond to the challenge of expiring operating agreements and RAP is the successful result of those efforts.

Enrolment in the FCHI-2 began last month for federally administered co-ops.  The program will provide new rent assistance to low-income members beginning April 2020 and lasting until March 31, 2028.

In earlier communication we advised all federally administered co-ops to apply for enrolment in FCHI-2 in case they are eligible.  We can now be more precise in our advice.

CMHC has been working closely with key housing associations over the summer to finalize details for Phase 2 of the Federal Community Housing Initiative (FCHI).

This new rental assistance program for community housing providers reaching the end of their operating agreements will be available as of April 1, 2020.