Are you hoping to live in Old Grace Housing Co-operative? Before completing the membership application, please review the following information. It is designed to provide you with answers to common questions about living in our co-op. This information is specific to members who wish to be among the original occupants of the co-op when construction is complete in early 2018.
What happens after my membership is approved?
Visit the ‘Suites’ pages of our website and, among other things, review which suites are currently available. As a co-op member, you will receive a password that gives you access to the “Members Only” portal of the OGHC website where you will download and complete the Suite Application Form and submit it with a cheque for your deposit. If there is not a suitable unit available, you may choose to place your name on a waiting list.
What is a member share?
Members pay a percentage of the value of the unit they occupy. This is called a Member Share. The cost of your share is determined by the number of bedrooms in your unit and whether you qualify for an affordable housing subsidy. Only members may be shareholders. The Member Share is fully refundable if you leave the co-op, unless there are damages to your unit, or you owe money to the co-op. Each member has one vote in the affairs of the co-op, regardless of the value of their share.
Do I have to sign a lease?
Before you move in you will sign a document that is something like a lease. It is called a housing agreement and it lays out the conditions for occupying your unit. A housing agreement differs from a lease because it does not have to be renewed yearly. You can live in the co-op as long as you want, provided you pay your housing charges on time and follow the co-op’s rules.
What are housing charges?
Housing charges are similar to your monthly rent and must be paid on the first of each month. The housing charges include your share of the co-op’s expenses, namely the mortgage, property taxes, building insurance, utility charges (such as electricity heat and water), administration costs, repairs and maintenance, and reserves. The number of bedrooms in your unit determines your housing charges.
Will my housing charges increase every year?
When the co-op’s operating costs increase, members’ housing charges may also have to increase. Generally housing charges are lower than the rent you would pay in the private sector because housing co-operatives are non-profit organizations. Every year all members review the finances of the co-op and at the Annual General Meeting, all members vote on the budget that is being recommended by the Board of Directors.
How am I expected to participate in the co-op?
Our housing co-op is an ‘intentional community’ of people from different social, economic and cultural backgrounds. While a Management Company will manage certain duties, residents have both rights and responsibilities as member-owners of the co-op, including participation in the day-to-day operation and life of the co-op.
Is any routine maintenance expected of me?
You are expected to keep your unit clean and do minimal upkeep such as replacing burned-out light bulbs. Any repairs that are needed in your unit should be reported to the co-op office promptly, to avoid costlier problems.
What appliances are supplied with my unit?
All units are supplied with a stove and refrigerator. There is a convenient community laundry room for member use but all units will be fitted with washer, dryer and dishwasher hookups. If you decide to install your own appliances, they must be Energy Star rated and on the list of co-op-approved appliances. Dryers must be vent-less as outside venting reduces the energy efficiency of the building.
Are pets allowed?
Yes. Our co-op is pet friendly. Read our Pet Policy
Can I smoke cigarettes in my unit?
No, all Old Grace Housing Co-op buildings and grounds are cigarette smoke-free. Read our No-Smoking Policy
Is a parking space provided with my unit?
No, you can request 1 parking space on your Membership Application Form. The $85 parking fee(covered parking $100) must be paid monthly, together with your housing charge. The Parking Committee allocates parking spaces on a first-come, first-served basis but will take account of members with urgent needs. When demand is greater than supply, members’ names are added to a waiting list. Read our Parking Policy
Why isn’t a parking space provided for each unit?
Members of OGHC are committed to minimizing the co-op’s carbon footprint. When deciding how to develop the Old Grace site, members agreed to reduce the space occupied by cars in order to increase the space occupied by people while contributing to the financial viability of he project. OGHC is very well served by Winnipeg Transit with numerous bus routes on Portage Avenue, Arlington Street North, Westminster Avenue and Sherbrook / Maryland Streets. For more information, visit Winnipeg Transit. There are two parking spaces provided at OGHC for Peg City Car Co-op vehicles. Members interested in joining this carshare program can check out Peg City Car Co-op. In the spirit of co-operation, some members with cars intend to share their vehicles with other members of the co-op. Living in the Wolseley area is ideal for people who prefer active transportation and OGHC has secure indoor storage for 60 bicycles. See the most convenient local bike routes here.
Where can my visitors park?
There will be limited parking spaces designated for visitors and employees.
What happens if I want to leave the co-op?
You need to give 60 days’ notice from the first of the month. Your Member Share will be refunded within 90 days of your move-out date, minus any money owed to the co-op.