New EOM guide for HSA co-ops

Published August 20, 2023

Attention Housing Services Act (HSA) co-op boards, managers and municipal Service Managers:

If your co-op’s End of Mortgage (EOM) is within 2 years or less, this information is for you! It will help you develop successful service or exit agreements.

Service agreements will last for a minimum of 10 years. Your co-op will move into a new section of the HSA where the old rules no longer apply. With exit agreements, co-ops can leave the HSA and the benefits it offers.

The Guide to negotiating service agreements will help co-ops and their boards make informed decisions and negotiate the best possible outcomes for their communities.

Included in this guide:

• Tips on how your co-op can be well prepared
• The goals and priorities that co-ops and Service Managers have in common
• Key issues and best practices for negotiating a service agreement

By using tools like this guide and receiving support from CHF Canada and regional federations, your co-op’s EOM is an opportunity. Together we can:

• reshape housing under the HSA;
• ensure long-term financial viability and independence for co-ops, and
• grow the sector through innovation and new development.

Our resource library on the Education page of our website continues to grow as we create more tools for our HSA co-ops at EOM. To make them easy to find, we put the EOM resources at the top of the page: www.chfcanada.coop/education-and-resources/resources/