Comments. On May 17, 2019, the Ministry of Municipal Affairs and Housing (MMAH) convened a teleconference meeting with Service Manager staff to review the new COCHI & OPHI program guidelines. During this meeting, MMAH clarified that while COCHI funding is being provided to offset the decrease in federal Social Housing Agreement (SHA) funding expiring each year, beginning 2019-20, it cannot simply be used to fund existing funding commitments. Instead, it must be used for new projects or programs. Hence, the Investment Plan being proposed differs from what was proposed in the previous (May 7, 2019) Information Report to Council. Further, upon reviewing the dire need for additional affordable housing and the declining number of eligible applications for affordable home ownership and CK Renovates, staff involved in the delivery of these programs agreed to concentrate as much funding as possible towards new affordable housing units, achieving this by:
Appears in 4 contracts
Samples: Transfer Payment Agreement, Transfer Payment Agreement, Transfer Payment Agreement
