Members of Dovercourt Housing Co-op in Ottawa’s west end knew their 32-year-old co-op needed some work done. But it wasn’t until they received an updated Building Condition Assessment that they realized how many issues had to be dealt with.
The 40-unit co-op had a retaining wall that resembled Niagara Falls and required immediate fixing. A number of kitchens and bathrooms were slated for improvements. And the co-op needed a repaint. That was just for starters.
The self-managed co-op needed help prioritizing and reached out to its local federation, CHASEO. CHASEO put the co-op in touch with CHF Canada’s David Spackman, Program Manager for Asset Management Services. David helped the co-op make sense of its BCA and arranged for project management of its exterior paint job.
The co-op is now considering CHF Canada’s Refinancing Program as a way to speed up the many projects left to do. Soon, that long to-do list will be a thing of the past!