Montreal joins forces with real estate partners to address housing crisis
Posted June 1, 2022 5:42 pm.
To tackle the affordability housing crisis head-on in Montreal, the city is joining forces with its real estate partners for a major project to accelerate its goal of 60,000 affordable housing units within 10 years.
“Today, the city of Montreal is demonstrating its ability to bring together players from all walks of life to tackle one of the city’s most pressing social issues: maintaining its affordability for decades to come,” said Montreal Mayor Valérie Plante.
“And to make Montreal an accessible and inclusive metropolis in the long-term.”
Between now and this fall, pilot projects will begin in order to bring out new models for the development of affordable housing.
“With this mobilization, we will be more agile, quicker and more efficient in developing massive amounts of new, sustainable affordable residential units,” said Benoit Dorais, vice-president of the city’s executive committee and responsible for housing.
“We will safeguard existing affordable housing and ensure that enough is collectivized. This common front will allow us to come up with new solutions that we hope will help other municipalities that are also on the front lines of the affordability crisis.”
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The city says it will be bringing together officials from different departments to improve Montreal’s land and real estate strategy, taxation and project financing, project facilitation and regulatory changes, and the role and mandates of the Société d’habitation et de développement de Montréal.
The first meetings of the various committees are scheduled for the end of June 2022. A progress report on the committees’ activities will be published in early 2023.
