The OGHC board has finalized the monthly housing charges and approved the 2018–19 operating budget.
These charges will be in effect until March 31, 2019. Rates are based on recommendations set out annually by Manitoba Housing.
The board has implemented a ‘Co-op Amenities Charge’ of $35 per suite, with each suite being assigned one locker and one spot in our basement level secure bike storage area. The annual housing charges are approximately what was quoted in last year’s Offering Statements. The Co-op Amenities Charge will be applied to the maintenance of shared common spaces, the elevators, and basement amenities. The amenities charge will not take effect until all building construction is complete.
The 2018-19 housing charges (including Co-op Amenities Charge) are:
|1 Bedroom Suite||$924|
|2 Bedroom Suite||$1,170|
|Small 2 Bedroom Suite||$1,038|
|3 Bedroom Suite||$1,248|
|4 Bedroom Suite||$1,474|
Monthly housing charges include utilities (heating, cooling, hydro, and water), use of all common areas, one storage locker, and one bike spot. Housing charges do not include parking, laundry, telephone, Internet, television, or resident’s insurance.
Parking costs will be either $85 or $100 per month, depending on where the parking spot is located.
Laundry costs $2 per washer load and $2 per dryer load. Residents using the common laundry will be issued with a re-loadable card for use in these machines.
|Debt servicing (mortgage)||$450,200|
|Occupancy Charges (including 2% vacancy allowance)||$781,200|
|Guest room rentals||$6,400|
|Co-op Amenities Charge||$25,200|