💵🏠 Official Opening of 15 New Housing Units for People at Risk of Homelessness in Montréal 🇨🇦🍁🎉🏒

Wednesday, 24 July 2024 04:22.PM

On July 15, 2024 the governments of Canada and Quebec, as well as the City of Montréal, are proud to officially open Phase VI of Loge Accès, a rooming house for people at risk of homelessness in Montréal's Mercier–Hochelaga-Maisonneuve borough. The total investment for this project is nearly $5.9 million.

The Government of Canada has allocated $2.8 million through the Canada-Quebec Rapid Housing Initiative Agreement.

The Government of Quebec has contributed nearly $1.3 million through the Société d'habitation du Québec (SHQ). The SHQ is securing the mortgage loan taken out by Les Habitations Loge-Accès, the project developer affiliated with the Société d'habitation populaire de l'Est de Montréal (SHAPEM).

The City de Montréal is contributing over $800,000 to the project, including nearly $250,000 from the Communauté métropolitaine de Montréal (CMM) social housing fund and just over $562,000 from the City de Montréal heritage grant.

The Old Brewery Mission is providing support for the building's clientele. SHAPEM owns the building and was able to acquire it thanks to the Fonds immobilier FTQ, through the Fonds d'acquisition de Montréal.

"The federal government will continue to work hard toward ensuring that everyone in Quebec and across Canada has a safe and stable place to call home. We're quickly providing new affordable housing to those who need it most across the country, thanks to programs like the Rapid Housing Initiative and collaboration from all levels of government."
- The Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities

Highlight:

• All the tenants will benefit from the Société d'habitation du Québec's (SHQ's) Rent Supplement Program, ensuring that they will not spend more than 25% of their income on housing. This additional assistance of nearly $260,000 per year is covered by the SHQ (90%) and the City of Montréal (10%). The City's share is reimbursed by the Montréal Metropolitan Community (MMC).

SOURCE: Canada Mortgage and Housing Corporation (CMHC)

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