CO-OP HOUSING INFORMATION EXCHANGE' ("CHIE") : BRIDLEWOOD CO-OP

WELCOME TO THE CO-OP HOUSING INFORMATION EXCHANGE ("CHIE")

YOU CAN SCROLL DOWN AND FIND BLOGS THAT MAY HAVE BEEN PROVIDED IN A LINK FOR YOU ON TWITTER...OR BY E-MAIL. IN THE FAR RIGHT COLUMN OF EACH PAGE YOU CAN TRANSLATE A PAGE INTO A LANGUAGE THAT YOU PREFER BY CLICKING THE TRANSLATE BUTTON AND ALSO VIEW A PAGE MENU FOR THIS SITE.

WELCOME TO THE NEW CO-OP HOUSING INFORMATION EXCHANGE THAT HAS A MANDATE TO SHARE FREE INFORMATION ABOUT CO-OPS, SOCIAL/COMMUNITY HOUSING, AND RESOURCES IN CANADA, UNITED STATES OF AMERICA, UNITED KINGDOM, AND OTHER COUNTRIES.

WHAT MUST BE REQUIRED IS PRINCIPLED LEADERSHIP, GOOD GOVERNANCE AND MANAGEMENT THAT INCLUDE ACCOUNTABILITY AT ALL NON-PROFIT HOUSING CO-OPERATIVES ACROSS CANADA, AROUND THE WORLD, AND ANYTHING LESS THAN THAT SHOULD NOT BE ACCEPTABLE.

CO-OPERATION CAN LEAD TO SUCCESS THROUGH SHARING FREE KNOWLEDGE, LEARNING AND THEN UNDERSTANDING!

CHIE HELPS PUT TOGETHER ALL THE PIECES OF THE PUZZLE ABOUT NON-PROFIT CO-OP HOUSING IN CANADA, SO YOU CAN GAIN A BETTER PERSPECTIVE.
THE CULTURE OF SILENCE AT MEMBER CO-OPS NEEDS TO END THAT SURROUND THE PRACTICE OF POOR OR BAD GOVERNANCE AND MANAGEMENT.

FOLLOW YOUR CHIE, NOT A FAILED STATUS QUO WITH SELF-SERVING CO-OP HOUSING STAKEHOLDERS.

CHIE IS A SELF-HELP SITE THAT IS YOURS TO DISCOVER. LEARN ABOUT AND ADOPT PRINCIPLED LEARDERSHIP, GOOD GOVERNANCE AND MANAGEMENT PRACTICES. REVIEW INTERNAL CONTROLS, FRAUD DETECTION AND PREVENTION. LEARN ABOUT CO-OP STAKEHOLDERS, GOVERNING LAWS, AND NEWS MEDIA.

YOU ARE ENCOURAGED TO EXPLORE MULTIBLE LINKS AREA AND ITEMS OF LEGISLATION THAT OFFER RESOURCES THAT MAY PROVIDE SOME SOLUTIONS FOR CANADIAN NON-PROFIT HOUSING CO-OPS AND NON-PROFIT HOUSING OUTSIDE CANADA IN DIFFICULTY OR CRISIS.

YOU ARE ENCOURAGED TO RESEARCH CO-OP STAKEHOLDERS, GOVERNMENT AGENCIES, AND LEGISLATION THAT RELATE TO CO-OP'S IN YOUR PROVENCE OR STATE, AND COUNTRY. CHECK FOR INFORMATION UPDATES IN THE LINKS AREA AND OTHER LOCATIONS ON THE CHIE SITE.

IF YOU CAN'T FIND THE INFORMATION YOU ARE RESEARCHING ON CHIE OR KEN'S SITE, TRY SOME OF THE MANY LINKS AVAILABLE, EXAMPLE: CHF CANADA...

YOU DON'T HAVE TO BE A MEMBER TO FOLLOW YOUR CHIE!... BUT REGISTERED USERS THAT INCLUDE OPEN ID CAN POST COMMENTS ON CHIE.
**AS AT MARCH 2, 2014 YOU CAN NOW REGISTER AND JOIN THE CHIE SITE**

CHIE HAS A POLICY TO REVIEW AND DELETE MATERIAL OR COMMENTS THAT ARE DEEMED INAPPROPRIATE OR OFFENSIVE AT THE DISCRETION OF THE SITE ADMINISTRATOR. THE CHIE ADMINISTRATOR WILL NOT BE RESPONDING TO YOUR QUESTIONS OR ENQUIRES...

CO-OP AND SOCIAL HOUSING RESIDENTS ARE ENCOURAGED TO START THEIR OWN SOCIAL NETWORKING SITE, AND COMMUNICATE INFORMATION TO YOUR FELLOW RESIDENTS ABOUT CONCERNS WITH GOVERNANCE AND MANAGEMENT OR NOT DEMOCRATICALLY RUN WHERE RESIDENT VIEWS AND OPINIONS ARE SILENCED. EXAMPLES OF SOCIAL NETWORK SITES INCLUDE BLOGGER, TWITTER, WORDPRESS, AND FACEBOOK, ETC...REMEMBER, FOLLOW YOUR CHIE!

SHARE YOUR STORIES WITH CHIE ABOUT CO-OP HOUSING BY USING THE CONTACT INFORMATION BELOW, AND IT MAY BE PUBLISHED ON THE CHIE SITE.

NOTICE ABOUT CHIE CONTENT AS AT JULY 16, 2017
SOME INFORMATION HAS BEEN TAKEN OUT OF VIEW FOR FURTHER REVIEW AND MAY BE RE-PUBLISHED A LATER POINT IN-TIME AFTER THE REVIEW HAS BEEN COMPLETED AND APPROVED

Ken Hummel, Administrator, Co-op Housing Information Exchange

Contact information, e-mail: <kenhummel@msn.com>

Showing posts with label BRIDLEWOOD CO-OP. Show all posts

Thursday

Atkinson Housing Co-op Notice of AGM and GMM

Atkinson Housing Co-operative is located in Toronto, Ontario, Canada.

Atkinson has 147 apartments in two buildings, and 263 townhouses representing some 500 Members.

In Ken's view, Notice: The AGM is Re-Scheduled for May 25, 2011. This meeting has been re-scheduled from last week as quorum was not achieved. A minimum of 20 members must attend this meeting in order to achieve quorum.

In Ken's view, a Notice of General Members Meeting was scheduled for September 28, 2011 indicating a minimum of 40 members must attend in order to achieve quorum or the meeting will have to be cancelled and held on another date.

In Ken's view, the Notice of AGM indicated the Housing Co-op requires only 4% of it's General Membership to attend the Annual General Meeting in order to meet quorum! The Notice of General Members Meeting requires only 8% of it's General Membership to attend the General Meeting in order to meet quorum! The two notices appear to be at odds...with each other with low expectations for Member involvement in the democratic functioning of this Co-op Project.

In Ken's view, the Housing Co-op is not truly democratic. Ken would expect 51% or 255 of it's some 500 Member's to attend the Co-op Meeting of Member's to be considered truly democratic...and perhaps have some measure of success.

I'm a pragmatic person, and perhaps not as idealistic some people may think, although wishful thinking may provide some comfort, for the resident occupants residing at this housing project.

In Ken's view, as at September 30, 2017 the Co-op has not updated it's website since 2011::

atkinsonhousingcoop.com

What were some of the determining factors to conclude that this community was ready to transform into co-op housing with very poor Member engagement?

In Ken's view, the Co-op represents a considerable revenue source for the Co-operative Housing Federation of Canada (CHF Canada), and it's member federation, the Co-operative Housing Federation of Toronto (CHFT) through membership dues, and services sold to this housing co-op project.

Ken asked himself why CHF Canada has not transformed Essex Non-Profit Homes back to the co-op housing model when they purchased Bridlewood Co-operative Homes through legal action against the co-op. Perhaps the reason is because CHF Canada now own the former housing co-op as an investment business scheme after buying it for a small fraction of it's true market value through a receivership process that they initiated through the Superior Court of Ontario back in 2012.

When contacted back on March 23, 2015 Nicholas Gazzard, Executive Director, CHF Canada indicated it would eventually be returned back into the co-op housing model. The timeline has not been determined by the Essex Housing Board, and it would depend on the readiness of the community. CLICK HERE

In Ken's opinion, it appears to be more profitable for CHF Canada to retain ownership of the the former housing co-op. Don't expect CHF Canada to transform Essex Non-Profit Homes back to the co-op housing model anytime soon!

It should be noted that most information posted in this blog was migrated from Ken's 'KeepAndShare' Account on September 26, 2017

Information may be revised or deleted without prior notification

Ken Hummel, Administrator, CHIE

IN THE MATTER OF HOY CREEK CO-OPERATIVE HOMES

GDLAW.CA Posted on September 28, 2016

"Complications intensify as housing co-op struggles with insolvency"

"Coquitlam's Hoy Creek Housing Co-operative has been in financial difficulty for years. Consisting of 97 apartments and 60 abandoned townhouses, the corporation owes Canadian Mortgage and Housing Corporation (CMHC) over $4.2 million, including mortgage arrears of $300,000...

CLICK HERE to read the entire blog

PWC.COM Insolvency Assignments / Hoy Creek / Receiver Reports

CLICK HERE

TRICITYNEWS.COM

June 14, 2017

By Gary McKenna, TRI CITY NEWS

"Coquitlam co-op tenants given notice, huge rent increases possible subsidized rents on the way out at Hoy Creek Co-op"...

CLICK HERE to read entire article

CKNW NEWS-TALK AM980 - Jon McComb Show Audio Clip 08:55

"Residents who live in co-op housing development in Coquitlam have gotten short notice they will be evicted after their rental subsidy will become unavailable." - "Guest: Bobbi Style - a 12-year tenant of the Hoy Creek Housing Co-op"...

CLICK HERE to listen to Radio Audio Clip

TRICITYNEWS.COM

August 3, 2016

By Gary McKenna, TRI CITY NEWS

"UPDATED: Fire just one more issues for vacant Coquitlam housing co-op" - "Discussions over future of Hoy Creek Housing Co-op spurred by Wednesday morning blaze"...

CLICK HERE to read entire article

Information may be revised, added or deleted without prior notification

Ken Hummel, Administrator, CHIE

Wednesday

IN THE MATTER OF BRIDLEWOOD CO-OPERATIVE HOMES

Review some news media report updates about the former housing co-op, Bridlewood:

sxfreepress.com July 18, 2013 "Letter to the Editor - On Bridlewood Co-op"

CLICK HERE

sxfreepress.com July 11, 2013 By Fred Groves

"Still lots of vacancies at former Bridlewood co-op"

CLICK HERE

sxfreepress.com October 25, 2012 By Fred Groves

"Bridlewood sold - Rent increased to $875"

CLICK HERE

View the Essex Non-Profit Homes Inc. website :: CLICK HERE

I posted a comment on the Essex Non-Profit Homes Inc. website on September 10, 2014 inquiring if Essex Non-Profit Homes would transition back to the co-op housing model and return to the status of non-profit co-op housing. My comment was awaiting moderation and was never published on their website! View my comment HERE !!!

SUPERIOR COURT OF JUSTICE - ONTARIO Commercial List: Court File No.: CV-11-9239-00CL - Heard: October 16, 2012

Between: Co-operative Housing Federation of Canada (Applicant) -and- Bridlewood Co-operative Inc., Superintedent of Financial Services, and United Communities Credit Union Limited (Respondants)

Before the Hon. D. M. Brown

[2] "For the reasons set out below, I grant the Receiver's motion and approve the HPNP sale transaction."

Review all 50 paragraphs of the Court ruling:

CANLII.ORG

http://tinyurl.com/bmefdao

SUPERIOR COURT OF JUSTICE - ONTARIO Commercial List: Court File No.: CV-11-9239-00CL - Heard: June 21, 2011

Between: Co-operative Housing Federation of Canada (Applicant) -and- Bridlewood Co-operative Inc., Superintendent of Financial Services, and United Communities Credit Union Limited (Respondents)

Before the Hon. Justice Newbould

[21] "In the circumstances, Meyers Norris Penny Limited is appointed as receiver and manager of the assets of Bridlewood, to report to the court as soon as possible as to the approprite steps to be taken to wind up Bridlewood. There are to be no raises in the occupancy costs without further court order."

[22] "The parties are agreed that the costs of this application are to be dealt with after the reciever and manager reports back to the court."

Review all 9-pages or 22 paragraphs of the Court ruling:

CANLII.ORG

http://tinyurl.com/7btkv28

Review all 17-pages or 31 paragraphs of the Court Order Appointing Receiver and Manager:

MNPDEBT.CA

http://tinyurl.com/7s8knpj

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Review the Receiver's Ninth Status Update to Members of Bridlewood Co-operative Inc. (2-pages):

MNPDEBT.CA

http://tinyurl.com/d37jqdw

Review Court documents and other documents in regards to Bridlewood Co-operative Inc.:

MNPDEBT.CA

http://tinyurl.com/74zbenl

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Review some media reports about Bridlewood Co-op:

WINDSORSTAR.COM

July 31, 2012

Posted by Brian Cross

"Essex co-op housing project being sold off by receiver"

http://tinyurl.com/clge5ev

CHF Canada media release:

Some excerpt's from a June 29, 2011 eNEWS notification

CHF Canada eNEWS

June 29, 2011

"CHF Canada wins another round in fight to protect housing co-op assets"

"At CHF Canada's request, the Ontario Superior Court has appointed a receiver-manager for Bridlewood Housing co-op in Essex, Ontario, preventing the co-op's members from purchasing their units at discounted prices."

"Bridlewood is a 131-unit non-profit housing co-operative. It was developed in the mid-1970s with federal government funding. For the past 15 years this co-op has attempted by various means to sell the units for the personal benefit of members at considerably less than market value. Most recently, the co-op stopped paying its mortgage, and CHF Canada believed that this could be part of a plan to force its lender to foreclose and sell the properties in bulk at a discount."

..."Working with the lending credit union and the Financial Services Commission of Ontario (which oversees the Co-op Act), CHF Canada succeeded in safeguarding Bridlewood's assets by removing control from its board and members. A receiver will assess the co-op's situation and report back to the court with recommendations."...

CHFCANADA.COOP

http://tinyurl.com/6j5qc8

________________________________________________

Review additional background information in regards to Bridlewood Co-op Inc. in the following excerpt's from an April 8, 2005 media release and excerpt's from the Court rulings.

CHF Canada media release

April 8, 2005

"Sale of housing co-op halted by court decision"

..."Mr. Justice Siegel's decision that the sale of the co-op's units to the members at less than half the market value is not allowed under the Co-operative Corporations Act."...

"The Co-operative Housing Federation of Canada had launched an application to hault the sale, along with Mr. Skinner, who lived in the co-op"..."The Financial Services Commission of Ontario (FSCO) also brought an application to stop the sale. FSCO's responsibilities include enforcing compliance with the CCA."

..."In 2003, the members decided to investigate the sale of the homes to the members who currently occupy them, at prices considerably less than their fair market value."...

"Mr. Justice Siegel, in an Ontario Superior Court decision on April 5, concluded that "as the Bridlewood proposal contemplates a sale to the members of property of the co-op at less than its fair market value, if implemented, the proposal would constitute a 'distribution' for the purposes of section 171.2(1) of the CCA." The Co-operative Corporations Act prohibits distribution of the assets of a non-profit housing co-operative to the co-op's members."

Click link to access additional information:

CHFCANADA.COOP

http://tinyurl.com/5v4errt

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SUPERIOR COURT OF JUSTICE - ONTARIO - Court File No.: 04-CV-280686 and Court File No.: 04-CV-278076CM2; Date: 2005-06-29

Between: Bridlewood Co-operative Inc. v. Superintendent of Financial Services -and- The Co-operative Housing Federation of Canada - and - Ken Skinner v. Bridlewood Co-operative Inc.

Before the Hon. Justice H.J.W. Siegel

2005 CarswellOnt 2405 (57 paragraphs) Court decision that is not found at CanLii.org at this point-in-time. Please note an excerpt from the 57 paragraph Court decision:

[50] "Similary, the Occupancy Agreement must be interpreted in the light of the provisions of section 171.2(1) of the CCA. If there are two possible interpretations of the Occupancy Agreement, the Court should give effect to the interpretation that does not contravene the CCA. Bridlewood says quite frankly that it is proceeding on the basis that it owns only a "reversionary interest" in the homes because it has given the value of the occupancy rights to its member occupants. This is a clear acknowledgement that under its interpretation of the Occupancy Agreement, Bridlewood believes that it has disposed of property of value to its members. If the Co-op were correct in its interpretation, the grant of occupancy rights would contravene the prohibition in section 171.2(1) of the CCA against the disposition of property of the Co-op to its members. I conclude, however, that the Occupancy Agreement should be interpreted more narrowly to provide for a concept of occupancy rights that excludes such a distribution."

Or access the Court file noted above and review the 57 paragraph Court decision at the following website:

KLIPPENSTEINS.CA

http://tinyurl.com/77l8ddt

SUPERIOR COURT OF JUSTICE - ONTARIO - Court File No.: 04-CV-280686 and 04-CV-278076CM2 - Date: 2005-06-29 - Heard: March 1, 2005

Bridlewood Co-operative Inc v. Superintendent of Financial Services - and re - Co-operative Housing Federation of Canada - and - Ken Skinner v. Bridlewood Co-operative Inc.

Before the Hon. Justice H.J.W Siegel

"SUPPLEMENTARY ENDORSEMENT"

[1] "The Endorsement dated April 5, 2005 in this proceeding contemplated a cost award after the receipt of cost submissions. Subsequently, counsel for Bridlewood Co-operative Inc. advised the Court that the parties have agreed there shall be no order as to costs and have requested a supplementary endorsement to this effect."

[2] "Accordingly, on the consent of the parties, shere shall be no order as to costs in this proceeding."

Review 1-page or 2 paragraphs of the Court decision:

CANLII.ORG

http://www.tinyurl.com/3z7x9qz

Information noted above may be revised and/or deleted without prior notification.

Ken Hummel, Administrator, CHIE