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Complications intensify as housing co-op struggles with insolvency

Posted Gehlen Dabbs posted in Housing Co-ops on Wednesday, September 28, 2016.

Coquitlam's Hoy Creek Housing Co-operative has been in financial difficulty for years. Consisting of 97 apartments and 60 abandoned townhouses, the corporation owes the Canadian Mortgage and Housing Corporation (CMHC) over $4.2 million, including mortgage arrears of $300,000.

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