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Co-op gets much-needed funds By LISA TALLYN Staff Writer Just in time for Christmas, the residents of Carruthers Road Cooperative Homes Inc. got some long-awaited good news. Residents have been living with mould, leaking windows above electric floor heaters and rusted bathtubs, to name a few of the issues in the building and waiting for more than a year to get funds from the Canada Mortgage and Housing Corporation (CMHC) to fix them. Finally on Tuesday the cooperative got word from the Agency for Cooperative Housing, which monitors the operating agreements with cooperatives for the CMHC, that close to $600,000 would be coming its way to go toward improvements like replacing more than 200 windows in the building, dealing with mould remediation, renovating the lobby, installing new doors and replacing rusted bathtubs. "It's about time," said Noel Duignan, coordinator of the cooperative. "All of that political intervention and lobbying efforts helped to further the cause." Halton Hills Mayor Rick Bonnette and Wellington Halton Hills MP Michael Chong met with the residents and wrote to the CMHC on the resident's behalf. Duignan said all of the legal papers have to be signed regarding the funding, but he's hopeful some of the work will be able to start in January. He would like to see work on the washrooms in two vacant units begin as soon as possible so the cooperative can start to collect much needed rent again on those units. Bonnette, who called the conditions in the building "unacceptable," was thrilled with the news. "I think it's terrific news, and what a Christmas present," said Bonnette. Duignan stressed that Cooperative is only one across the country in this situation. "What needs to be done is a comprehensive plan put in place by the government and the issues dealt with in a speedy manner," he said. Building resident Kathleen Richards was "extremely pleased" to hear the funding was coming to improve the building. "It's certainly going to help us to put a facelift on the building and hopefully with the new windows it will be warmer in the winter and cooler in the summer, which will help tremendously with our hydro bill." Charleen Williams, another building resident, was pleased with the news as well. "It's a positive spin on what could have been a very negative situation for all the members in the cooperative," said Williams. She stressed she's very much looking forward to seeing the issues resolved, but based on past practice and her experience as a long-time resident she will be watching closely to ensure things unfold how they should. She's very appreciative for all the lobbying efforts by Bonnette and Chong, and this newspaper which brought the story to light in November. 3 The IFP - Halton Hills · Saturday, December 24, 2011 $5500 Cash Back on 2011 Honda Ridgeline · Power windows & heated power side mirrors · AC with air-filtration system · Keyless entry · Bluetooth® wireless mobile phone interface · And much more! Limited time lease offer on any new 2012 Honda Civic Sedan or Civic Coupe (except Civic Hybrid), through Honda Financial Services Inc., on approved credit. Representative lease example: 2012 Honda Civic LX Sedan with Manual Transmission (Model FB2E4CEX) on a 24 month term at 0.99% lease APR, the monthly payment is $309.58 [includes $1,395 freight and PDI, EHF tires ($29), EHF filters ($1), A/C tax ($100), and OMVIC fee ($5)] with $0 down payment or equivalent trade-in, $0 security deposit and first monthly payment due at lease inception. Total lease obligation is $7,429.92. 48,000-kilometre allowance; charge of $0.12/km for excess kilometres. Receive 0.99% purchase financing on any new 2012 Honda Civic Sedan or Civic Coupe (except Civic Hybrid) for a maximum of 24 months available through Honda Financial Services Inc., on approved credit. Example: based on a 2012 Honda Civic LX Sedan (Model FB2E4CEX) on a 24 month term at 0.99% APR and complete price of $19,020 [includes $1,395 freight and PDI, EHF tires ($29), EHF filters ($1), A/C tax ($100), and OMVIC fee ($5). Excludes other taxes, license, and insurance], the monthly payment is $800.70. Cost of borrowing is $196.80 for a total finance obligation of $19,216.80. Down payment or equivalent trade-in on purchase financing offers may be required based on approved credit from Honda Financial Services Inc. §$1,000 Holiday Bonus offer applies only to retail customer purchase, lease or finance agreements for new 2012 Honda Civic Sedan and Coupe models (except Civic Hybrid) concluded between November 1, 2011 and November 30, 2011 at participating Ontario Honda Dealers. ^Includes Freight, PDI, Levies and OMVIC fee. Excludes License and HST. *Limited time lease offer on any new 2012 Honda Civic LX Sedan with Manual Transmission (Model FB2E4CEX) available through Honda Financial Services Inc., on approved credit. Representative lease example: 2012 Honda Civic LX Sedan with Manual Transmission (Model FB2E4CEX) on a 48 month term at 1.99% lease APR, the monthly payment is $177.98 [includes $1,395 freight and PDI, EHF tires ($29), EHF filters ($1), A/C tax ($100), and OMVIC fee ($5)] with $2,240 down payment or equivalent trade-in, $0 security deposit and first monthly payment due at lease inception. Total lease obligation is $8,543. 96,000-kilometre allowance; charge of $0.12/km for excess kilometres. **Receive 1.99% purchase financing on a new 2012 Honda Civic LX Sedan (Model FB2E4CEX) for a maximum of 60 months available through Honda Financial Services Inc., on approved credit. Bi-weekly Finance example: based on a 2012 Honda Civic LX Sedan (Model FB2E4CEX) on a 60 month term at 1.99% APR, 130 bi-weekly payments of $153.83, and complete price of $19,020 [includes $1,395 freight and PDI, EHF tires ($29), EHF filters ($1), A/C tax ($100), and OMVIC fee ($5). Excludes other taxes, license and insurance]. Cost of borrowing is $977.40 for a total finance obligation of $19,997.40. Down payment or equivalent trade-in on purchase financing offers may be required based on approved credit from Honda Financial Services Inc. For all offers: license, insurance, PPSA, and other taxes (including HST and tax for fuel conservation, if applicable) are extra. Taxes payable on full amount of purchase price. Offers only valid for Ontario residents at Ontario Honda Dealers. Dealer may sell/lease for less. Dealer order/trade may be necessary. Vehicles and accessories are for il ustration purposes only. Offers subject to change without notice . See your Ontario Honda Dealer or visit HondaOntario.com for full details. Based on Association of International Automobile Manufacturers of Canada (AIAMC) data reflecting sales between October 1997 and August 2010. 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