763 new social and affordable housing units will soon be built in Montreal

MONTREAL, April 12, 2024 /CNW/ – Governments Canada and Quebec We are proud to announce that 763 new social and affordable housing units will soon be built in Montreal thanks to the financing of 12 new projects. These projects were selected during the second call for projects under the Société d'habitation du Quebec (SHQ) program d'habitation affordable Quebec (PHAQ).

These projects were made possible through the Canada-Quebec Agreement under the Housing Acceleration Fund (HAF), which has allocated $900 million from the Government of Canada. The Quebec government added $900 million to that amount in the November 2023 economic update. The City of Montreal will also be the financial partner of the projects, as it must provide an equivalent contribution of at least 40% of the base grant from SHQ.

Made an announcement Soraya Martinez FerradaMinister of Tourism and Minister in charge of Economic Development Agency Canada for regions Quebecand Member of Parliament for Hochelaga; France– Elaine Duranceau, Quebec Minister responsible for housing and member of the National Assembly for Bertrand; Stephen GuilbeauMinister for Environment and Climate Change and Member of Parliament for Laurier—Sainte-Marie; Karin Boivin RoyMember of the National Assembly of Anjou-Louis-Riel and Valerie Plante, Mayor of Montreal.

Governments in response to the housing crisis Canada and Quebec published on February 16 2574 new housing units are being built quickly Quebec through 47 selected projects, including those announced today. To ensure that these projects can be launched quickly, their sponsors must enter into an agreement with the contractor within 12 months of being selected to be eligible for government funding.

Quotes:

“Everyone deserves a safe and affordable place to call home. Through the Canada-Quebec Agreement on the Housing Acceleration Fund, we are building fast, affordable housing across the country for those who need it most. Thanks to the projects announced today. , more than 760 affordable housing units will soon be available for Quebecers. We know there is more to do and we will continue to work hard for the people of Montreal.”

Soraya Martinez FerradaMinister of Tourism and Minister in charge of Economic Development Agency Canada for regions Quebecand Member of Parliament for Hochelaga

“Only a few months have passed since the signing of the historic agreement with the government Canada, we are already announcing additional housing construction under the Affordable Quebec program. This good news for the Montreal area reflects our strong commitment to building affordable housing across the country Quebec. Every Quebecer deserves a home that meets their needs.”

France– Elaine Duranceau, Quebec Minister responsible for housing and member of the National Assembly for Bertrand

“Thanks to the federal government's leadership, we are building more housing for Montrealers faster. The addition of 763 new apartments is great news for Montreal. I want to thank the many partners involved in making these affordable housing projects happen. It's improving the well-being of families and individuals in our community.” is a real example of what can be done when all levels of government work together.”

Stephen GuilbeauMinister for Environment and Climate Change and Member of Parliament for Laurier—Sainte-Marie

“Montrealers can count on our government to step up and take concrete action to address the housing crisis. Today's announcement is the result of the combined efforts of our federal partner, the City of Montreal, our local partners and, of course, the developers of the project. A vector for improving the quality of life in our community. who believe in the value of social and affordable housing.

Karin Boivin RoyMember and interim president of the National Assembly of Anjou-Louis-Riel

“This funding agreement will enable nearly 800 households to access social or affordable housing. Montreal. These subdivisions help maintain the accessibility of the city and the diversity of neighborhoods that are at the core of its identity. I congratulate the cooperation of the governments Quebec and Canada, which shows that it works when all levels of government work together. Our administration did address The housing crisis has been a priority since day one, and we will continue to renew and support all initiatives to help all Montrealers find housing that meets their needs and means.”

Valerie Plante, Mayor of Montreal

“The addition of these 12 new social and affordable housing projects, with a total of 760 units, is another step in the right direction. The City of Montreal is once again showing that it is working to support housing organizations so that their projects can be realized. Achieving this goal “The city is working with all stakeholders to help. This financial support is another concrete step towards solving the housing crisis.”

Benoit DoraisVice-Chairman of the Montreal City Executive Committee, responsible for Housing, Real Estate Strategy, Property Valuation and Legal Affairs and Mayor of the District of Le Sud-Ouest

Highlights:

• Some households who move into these units can benefit from Quebec's Société d'habitation du Quebec (SHQ) rent supplement program, which ensures that they spend no more than 25% of their income on housing. This additional assistance includes SHQ (90%) and the City of Montreal (10%).
• This assistance will require a maintenance period to keep other facilities available. This period can last up to 35 years. Assistance rates vary depending on the duration of the commitment. The rent may be indexed annually according to the percentages determined by the Administrative Tribunal.
• The program d'habitation affordable Quebec (PHAQ) aims to attract all partners who can create affordable housing projects. Projects under the program can be submitted by cooperatives, non-profit organizations, housing bureaus and private sector businesses. PHAQ also aims to accelerate housing construction, so its standards stipulate that projects must start within 12 months of selection. This period can be extended up to 18 months in certain cases.
• Housing Acceleration Fund is a 4 billion dollars Government Canada started in March 2023 in particular $900 million for Quebec. Its goal is to accelerate the construction of 100,000 housing units across the country.
• Government Quebecannounced new investments as part of the 2023 autumn economic update $900 million acceleration of housing construction.
• On December 11, 2023Government Quebec announced the first wave of 14 projects from the second PHAQ call (in French only) for projects representing a total of 999 units. Two of these projects are located in the Montreal area.
• Government Quebec is firmly committed to continuing the work on accelerating the construction of housing in the province. Act on land use planning and development and other rules. In addition, the government will jointly establish an interdepartmental team to accelerate the project Quebec Municipalities will also adopt new government guidelines on land-use planning, including housing benchmarks that municipalities will need to use as a basis for setting targets. The government also intends to propose legislative amendments (drafts are being developed and must be adopted by the National Assembly) to improve urban densification, streamline multi-apartment approvals and reduce related delays.

About Société d'habitation du Quebec

As a leader in housing, SHQ's mission is to meet the housing needs of Quebecers through its expertise and services to its citizens. It does this by providing affordable and low-rent housing and by offering a range of assistance programs to support the construction, renovation and adaptation of homes, as well as the attainment of home ownership.

To learn more about its activities, visit www.habitation.gouv.qc.ca/english.

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About Canada Mortgage and Housing Corporation

as of Canada Canada's housing authority, Canada Mortgage and Housing Corporation (CMHC) promotes the stability of the housing market and financial system, supports Canadians in housing need, and provides objective housing research and information to all levels of the Canadian government, consumers and housing resources. offers advice. industry. CMHC's goal is everyone by 2030 Canada they have a home that meets their needs. Follow us for more information TwitterInstagram, YouTube, LinkedIn and Facebook.

SOURCE Canada Mortgage and Housing Corporation (CMHC)

For more information: Sources: Justin Vezina, Spokesman for the Minister Responsible for Housing, (email protected); Mikaal Ahmed, Office of the Minister of Housing, Infrastructure and Communities, (email protected); Information: Media Relations, Société d'habitation du Quebec, (email protected); Media Relations, Canada Mortgage and Housing Corporation, (email protected)