Include Co-op
“We heard that housing co-ops could provide long-term stability as well as affordability through an innovative funding model.”

It’s been 40 years since Jane McDermot founded and moved into the Vancouver East Housing Co-op, where she raised her son and helped build a thriving community.

“I was one of a group of mostly single parents in pretty desperate need of decent affordable housing,” says McDermot. “We heard that housing co-ops could provide long-term stability as well as affordability through an innovative funding model.” McDermot worked with others to form a “scattered” co-op made up of single family homes and small apartments.

Now retired, she remains in the co-op and her son lives in a unit upstairs so he can be on hand to help out when needed.

Over the years she has served on the co-op’s board of directors and several committees. Here are some of the things of which she’s most proud: “We acquired most of our buildings with existing tenants, many of whom chose to stay on as co-op members. And when our operating agreement with CMHC ended and the mortgages were paid, we continued to fund a mixed-income community.”