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CMHC deadline approaches for S61 prepayment flexibility; Q&A Webinar

Published June 27, 2018

CMHC is accepting applications for mortgage prepayment flexibility for co-ops with Section 61 program operating agreements. The final deadline is September 30, 2018.

Waiving prepayment penalties allows housing co-ops to access new financing at lower interest rates. New financing can give your co-op the money needed to conduct needed repairs and upgrades.

But time is short and interested co-ops will need to move quickly to take advantage of this opportunity.

CHF Canada is holding a webinar on July 9th at 1:00 pm Eastern Time to explain this opportunity to interested Section 61 co-ops. We will also discuss how CHF Canada Asset Management Services can help you identify and plan needed renovations and improvements and how CHF Canada’s refinancing program can assist your co-op obtain new financing needed to do the work. Click here to register for this free info session.

For more information, contact CHF Canada’s Program Manager, Refinancing, Dave Howard at 1-800-268-2537 x 239 or dhoward@chfcanada.coop.

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