BCNPHA and BC Housing Joint Work Plan on the Expiry of Operating Agreements
BCNPHA and BC Housing have partnered to examine the expiry of operating agreements, and to develop tools and strategies to sustain the affordable housing stock and the non-profit sector.
Expiry of Operating Agreements Planning Guide now available!
The partners have recently produced a planning guide for non-profit societies. We’ve taken research on expiring agreements and turned it into a useful tool for housing providers to use as they plan for expiry. The guide outlines a step-by-step planning process, will help you explore your options pre- and post-expiry, provides information on the legal landscape of expiry and different models of shared services and mergers.
Bull, Housser & Tupper LLP developed a full legal briefing exploring the legal implications of expiry and the various options outlined in the planning guide.
Access the legal brief – EOA Legal Brief.
In the summer of 2015, BC Housing and BCNPHA conducted a survey of non-profits who had agreements expiring within the next ten years so that we could get feedback on the Guide. Respondents had a number of excellent suggestions for how to improve the Guide. We will be developing new tools and resources to help you with planning for expiry over the course of the next two years. Planning Guide Feedback Survey Dec 15 / 2015
Simplified Assessment Tool
BCNPHA partnered with five other non-profit housing associations across Canada to develop this tool to help providers better understand the financial impact that expiring funding will have on their operations and their ability to effectively serve low income tenants.
Access the guide – Addressing the Expiring Subsidy Challenge.
Download the tool – Examining the impact of expiring operating agreements.
Status Report Updates
Through a joint work plan, BCNPHA and BC Housing have assessed the level of awareness and preparedness for expiring operating agreements and identifying challenges, opportunities and strategies in planning for expiry. This status update reports on Phase I of the three phase work plan. This status update reports on Phase II of the work plan.