The Risk Underwriting Fund (RUF) guarantees loans to help member housing co‑ops undertake development projects. The money used to guarantee these loans comes from deposits and pledges from members and supporters, national co‑operatives and CHF Canada. Losses of up to $50,000 can be paid by CHF Canada, with greater losses shared among contributors.

The Board of Director appoints five people to the committee. One is from CHF Canada’s board and one from an outside organization that contributes to RUF. Of the other three (all from CHF Canada members), two must have experience in developing housing co‑operatives and one in managing housing co‑operatives.