Risk Underwriting Fund Administration Committee
The Risk Underwriting Fund provides loans to member housing co‑ops. These loans can be for new development projects, land acquisition, management assistance, securing a line of credit, energy conversion and retrofit work.
The Fund comes from deposits and pledges from members, supporters and CHF Canada. Losses of up to $50,000 can be paid by CHF Canada, with greater losses shared among contributors.
The Board of Directors appoints five people to the committee. One is from CHF Canada’s Board and one is from an outside organization that contributes to the Fund. Of the other three (all CHF Canada members), two must have experience in developing housing co‑ops and one in managing housing co‑ops.