Housing co-ops have been lobbying for federal government approval for the proposed agency since 1996. CHF Canada members can find more detailed information on the talks in the Members Network . More than 50 B.C. housing co-ops have leaky buildings. In many cases the situation is so serious that it threatens the survival of these co-ops if the problems are not fixed. Living in a leaky co-op is more than just an inconvenience.
Mold can cause allergies and respiratory disease.
The toxins it produces can wear down the immune system, leaving people, especially children, vulnerable to many illnesses. If you discover mold, it's important to destroy it quickly. 29 co-ops have already applied and a majority have been approved for HPO loans. But CMHC's approval is required. Only four co-ops have been given CMHC approval to borrow the money and start the repairs.