Cahdco is launching its second cohort of the Toolbox+, an initiative to try to create more affordable housing development capacity across Canada.
This initiative was launched in response to a lack of development capacity in the non-profit and co-operative sector to meet the need for affordable housing in Canada. Specifically, pre-development activities such as securing sources of funding or financing, identifying project partners, and developing a financially viable concept can be major barriers.
Cahdco’s solution to the lack of capacity is to provide free coaching and mentorship to non-profits and charities across Canada to assist organizations with their ability to take on development projects.
Cahdco has received funding through the CMHC Housing Supply Challenge program to provide this program. They are currently recruiting non-profits and co-operatives from across Canada who want to increase their capacity and knowledge to create affordable housing.
Cahdco is a non-profit development corporation based in Ottawa, created more then 20 years ago by CCOC, a private non-profit housing organization. CCOC operates 1,700 affordable rental homes in downtown Ottawa. We want to teach groups how to create their own organization, similar to Cahdco, in their local area.