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Fed to spend $69M on upgrades to Montreal social housing

DCN-JOC News Services
Fed to spend $69M on upgrades to Montreal social housing

MONTREAL — The federal government has announced spending of $69 million to support upgrades to 4,700 social housing units in Montreal.

The allocation from Canada Mortgage and Housing Corporation’s (CMHC) National Housing Co-Investment Fund is being done in partnership with the City of Montreal and the Société d’habitation et de développement de Montréal (SHDM), stated a release.

By the end of 2028, the City of Montreal will be providing $4.6 million to $12.6 million. The agreement will upgrade and extend the lifespan of the units.

The CMHC’s National Housing Co-Investment Fund supports new and revitalization construction of mixed-income, mixed-tenure and mixed-use affordable housing.

“These investments are part of the SHDM’s renovation strategy to improve the safety and quality of life of tenants, in keeping with our values of affordability, accessibility and sustainable development. This agreement will allow MMHS to complete $92 million of work over eight years on all of our residential buildings, while maintaining affordable rents,” stated Johanne Brunet, chair of the SHDM board of directors, in a statement.

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