provider.” To address the first phase of remediation (which was valued at roughly $7.4 million) the FCCHA established a Remediation Task Force and hired Morrison Hershfield, a market-leading engineering firm. Similar to other types of ownership tenures facing significant remediation costs, the co-op needed to raise funds for this work. They increased their housing charges by 30 per cent for members paying maximum, renegotiated their land lease with the City of Vancouver (deferring payments), and was eligible for the BC Homeowners Protection program, which paid interest payments on loans for 10 years. During Phase 1, the primary focus was on rain screening all walls with high exposure to weather and replacing adjoining windows and flashings on its multi-leveled townhouses. Phase 2a (valued at $2.7 million) focused on rain screening of all exposed surfaces on the apartment block (24 units). It also included the majority of metal sloped roofing, and some spot remediation to some of its flat roofs. Phase 2b (which was funded by a $1.4 million CMHC grant and $550,000 from the co-op capital reserves) allowed the co-op to replace all 170 patio doors. The adjoining walls and roof membranes were rain screened to higher specifications for better weather protection as well as new perimeter seals for some of homes. Phase 3 continued remediating areas of rain screening and the remaining perimeter seals for units over parking, the rebuilding of two land bridges, completion of the metal roofing, as well as completion of some JANUARY 2024
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