The present Act lays down provisions relating to coal. For the purpose of this Act "coal land" means land in which the coal or the right to explore for, develop and produce coal is vested in or reserved to the government. The Act contains at the outset a definition clause relating to various terms therein employed such as, “coal land reserve”, “lease”, “licence”, “location”, “owner”, “protected heritage property”, “recorded holder”, “surface area”.

This Act provides for any 5 or more persons to form an association under this Act to carry on any lawful industry, trade or business on a cooperative basis. An association formed under this Act must include in its name the word " cooperative". The Act is divided into two parts, the first being; Establishment and Operation. Part 2 details, Housing Cooperatives. Sections 2-11 deal with the setting up of a cooperative ealing with capital, memorandum and rules, directors, registration of documents, and Conclusiveness of certificate.

This Act sets up a Ministry of Lands, Parks and Housing. For the purposes of this Act the minister may enter into agreements with; the government of Canada or its agent, or the government of a province or its agent, or with any other person or a municipality. Section 6 set out the powers of the minister. Section 7 deals with appropriation, and section 8 with securing advances. Section 8(1) sets out in detail the provisions dealing with affordable housing assistance and security for it.