Capital Improvement Planning
a multi-year planning document that identifies and schedules major infrastructure projects, equipment purchases, and facility improvements. It includes estimated costs, funding sources, and timelines to manage needed improvements while balancing immediate needs with long-term fiscal health.
Follow this step-by-step process and use supporting documents to complete your community's CIP.
•Make members aware the Board is undertaking this work, and ask for volunteers
•Decide who will be a part of the CIP Team
•Don’t get hung up on the formality of the word “Committee”
•Just need clarity on who will take an active role in doing the pre-work and be a part of preparing the CIP document
•Collect Infrastructure Surveys from as many member homes as possible – this is a chance for those not part of the committee or working group to have input into needed updates for the park
•Make notes of any conversations w/ members during which they raise issues while following up to get surveys back
•Summarize member feedback
Submit copy of member-approved CIP to your lender annually within 30 days of your co-op's annual meeting.
Review annually.
Update continuously.
Once your co-op has an established CIP, this is a living document that should be continuously updated.
Treat this plan as your roadmap to keeping your co-op resilient and prepared for the future.
NOTE: When presenting the CIP at your co-op's membership meeting, the vote should ONLY be for the upcoming year.
We are here to help.
Contact Michelle Stevens, Infrastructure Projects Specialist with your questions.