Posts Tagged ‘Canada Mortgage and Housing Corporation’

Client Profile: Mondragon Co-operative Homes Inc.

March 20th, 2014 by Iler Campbell

Mondragon Co-operative Homes Inc. is a housing co-operative located in Brampton, Ontario which has been providing affordable housing since 1983. Mondragon consists of seventy eight townhouse units ranging in size from one to four bedroom units in a beautifully landscaped neighbourhood complete with a park and community room.

Our relationship with Mondragon goes back to 2007 and in that time we have dealt with a number of corporate and member issues. Our relationship has strengthened however in the last few months. Starting in 2011, Mondragon volunteered to participate in a pilot program with Co-operative Housing Federation of Canada and Alterna Credit Union with the support of its property management company, Homestarts, to refinance its existing mortgage with CMHC to provide funding for repair and upgrades to its building envelopes (foundation walls, siding, insulation, doors, windows and roofs) as well as to its furnaces and walkways.  Read the rest of this entry