This document discusses the expiry of operating agreements for non-profit housing projects. Key points include: - Many operating agreements will expire between 2013-2030, meaning projects will lose federal/provincial subsidies and mortgage payments. - Projects must prepare financially and operationally to remain viable after expiry by ensuring sufficient replacement reserves, affordable rents, and accountability. - A new tool is introduced to help projects assess their financial viability after expiry and plan replacement reserve funds for capital expenditures. - The importance of maintaining replacement reserves for repairs is emphasized, and guidelines are provided on eligible items and processes before and after expiry.