Presentation Purpose
Transcript: If you live in a non-profit housing co‑op you are: A voting member who contributes to the governance of the co‑op Part of a community where neighbours look out for one another Living in housing that will stay affordable because it’s run on a non-profit basis and is never resold Linked through the Canadian Co‑operative Association and the conseil canadien de la coopération with other Canadian co‑operatives active in banking, retail, farming, insurance, day care, health services and more A member of a world-wide movement. In a housing co‑op members have the right to: Vote on the annual budget, which sets the monthly housing charges and affects the quality of your housing – for example, how much the co‑op will spend on property upkeep Elect a board of directors made up of people who live in your co‑op Run for the board of directors yourself Receive audited financial statements that show how the co‑op spent your money Pay only a limited portion of your income for your housing, if you meet eligibility rules Live there for as long as you like, if you keep to the by-laws agreed on by the co‑op membership Present the ways affordable housing projects/initiatives are financed in Canada How CHF Canada helps residents all over Canada Highlight examples of affordable housing that demonstrate different social finance instructions Examine the challenges and opportunities CHF Canada brings Controls of CHF Canada Presentation Purpose Housing co‑operatives provide not-for-profit housing for their members. The members do not own equity in their housing. If they move, their home is returned to the co‑op, to be offered to another individual or family who needs an affordable home. Some co‑op households pay a reduced monthly rent (housing charge) geared to their income. Government funds cover the difference between this payment and the co‑op’s full charge. Other households pay the full monthly charge based on cost. The co‑operative housing movement consists of housing co‑operatives, whether occupied or under development, the people who live and work in them, and the organizations and individuals that support and serve them. design by Dóri Sirály for Prezi What is a Housing Co-op? Some co‑op households pay a reduced monthly rent (housing charge) geared to their income. Government funds cover the difference between this payment and the co‑op’s full charge. Other households pay the full monthly charge based on cost. Because co‑ops charge their members only enough to cover costs, repairs, and reserves, they can offer housing that is much more affordable than average private sector rental costs. Co‑op housing also offers security. Co‑ops are controlled by their members who have a vote in decisions about their housing. There is no outside landlord. Each housing co‑operative is a legal association, incorporated as a co‑operative. Canada’s housing co‑ops are guided by international co‑operative principles, adapted for housing co‑op. What does the CHF Canada Board of Directors do? What does the CHF Canada Board of Directors do? The Board sets CHF Canada’s priorities, exercises financial oversight, and hires/ supervises the Executive Director. Directors serve two-year terms, with one-half of the Board being elected each year. The Board meets at least four times a year, three times in Ottawa, and once in the city where the annual meeting is held. The President of the Ontario Council and the chair of CHF Canada’s Federations Committee attend Board meetings, but do not vote. The duties of the Board include: to be guided by the membership to advise the membership to ensure that CHF Canada acts with integrity and with attention to its best interests to secure the future of CHF Canada to lead the co‑operative housing movement in Canada and to direct the business of the organization. The Rights CHF Canada is a co‑operative, owned and controlled by its members. It is governed by its Board of Directors, which currently has 16 directors: ten representing the provinces and territories, one representing the Aboriginal community and five directors elected at large. For the purpose of electing directors, some of Canada’s provinces and territories are combined as follows: Quebec/Nunavut, Alberta/Northwest Territories, and British Columbia/Yukon. The Northern Ontario representative on Ontario Council is also elected at a regional meeting held every two years.
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