The Co-op Housing Programs The co-ops on Vancouver Island were built under three different Federal Co-op Housing Programs, the last of which was cancelled in 1992 without being replaced. Although a provincial housing program may allow some co-ops to be built in the future, at present, unfortunately, someone must move out of a co-op before anyone can move in. The Co-op Housing programs provide government assistance to lower the cost of the mortgage and to subsidize housing charges for those who cannot afford market rents. Some of this assistance comes from Canada Mortgage and Housing, and some comes from British Columbia Housing Management Commission. The cost of co-op housing to taxpayers is lower than that of any other form of non-profit housing. According to Canada Mortgage and Housing's Evaluation of the Federal Co-operative Housing Programs, published in February 1992, annual operating costs in housing co- ops average $2191 - $2858 per unit, compared with costs of $3104 - $3246 per unit for other non-profit housing and $4611 per unit for public housing projects. The main reason for this is member participation. By helping to run the co-op, members lower the co-op's operating costs. In its Evaluation, CMHC estimated that the value of the time contributed by members to co-op housing activities ranges from $905 to $1430 per household each year.