What is the Co-op Housing Stabilization Fund?
The Stabilization Fund was set up in 1989 to assist co-ops in difficulty that were funded under the Federal Co-operative Housing Program (the ILM, or Index-Linked Mortgage Program). Its trustees are appointed by CHF Canada and by CMHC. The Fund is a trust created to preserve the long-term viability of ILM co-ops. The Fund provides loans to ILM co-ops in difficulty.
