Ontario HSA Co-ops: Act now to secure your FREE Asset Management Plan!

Published May 14, 2025

Is your co-op an HSA (Housing Services Act) co-op? Will your co-op’s mortgage be paid off before July 2026? If yes, don’t miss this opportunity to save! A pilot program funded by the Ontario government is available to help HSA co-ops plan for a sustainable future as they reach the end of their mortgage. The funding allows HSA co-ops to secure a FREE Asset Management Plan through CHF Canada’s Asset and Financial Management Services team, valued at up to $9600. 

Every HSA co-op is required to negotiate a financial plan with their Service Manager in order to enter into a Service Agreement or Exit Agreement. An Asset Management Plan (AMP) is a plain language report that considers the co-op’s needs and goals to ensure long-term sustainability and provides the most viable scenario to achieve them. 

The Asset Management Plan provides the Board with recommendations on:

• Capital work needed by the co-op

• When that capital work should be scheduled

• Projects that could be bundled to save time and money

• Maintenance planning for the co-op

• Operating Budgets projected over 30 years to show how the co-op will pay for the necessary capital work

A current Building Condition Assessment (BCA) is the foundational report needed to create an Asset Management Plan (AMP). Housing co-ops that participate in the pilot program require a Building Condition Assessment report (BCA) that is less than two years old.  To ensure our member co-ops have access to the best information possible, CHF Canada is offering a Building Condition Assessment (BCA) Deferred Payment Plan to those co-ops who don’t have a current BCA.  Through the deferral plan, CHF Canada will loan qualifying member co-ops up to 50% of the cost of a BCA (excluding HST), when procured through CHF Canada’s Asset Management and Financial Services team. The non-interest-bearing loan will be payable over three years after a Service or Exit Agreement is signed.  There are two options for the BCA Deferred Payment Plan as follows:

Deferral plan includes 50% of the costs (excluding HST) for:

• the tender fee for procurement of BCA services (Request for Proposal)

• and the cost of the BCA

The AMP provided through CHF Canada’s Asset Management and Financial Services team is already giving co-ops like yours the crucial information that boards need to make informed decisions and negotiate the best possible outcomes for their communities. Realistic, pragmatic, actionable and FREE – get your Asset Management Plan today while funding is available.

CHF Canada and Ontario Regional Federations are committed to supporting HSA co-ops so that the End of Mortgage can be an opportunity to reshape housing under the HSA by ensuring long-term financial viability and independence for co-ops and growing the sector through innovation and new development. 

Contact CHF Canada today to register for your co-op’s free Asset Management Plan.

Email info@chfcanada.coop or call: 

• Dawn Richardson Program Manager, Co-op and Planning Services, Ontario Region, 1-800-268-2537, Ext. 228
• Denise McGahan, Program Manager, Co-op and Planning Services, Southwestern Ontario, 1-800-644-3949
• Peter Gesiarz Regional Manager, Ontario, 1-800-268-2537, Ext. 236