Montreal buying up 700 units for affordable housing in CDN-NDG
Posted December 16, 2024 12:00 pm.
Last Updated December 16, 2024 12:39 pm.
Montreal is planning to acquire roughly 30 apartment buildings in Côte-des-Neiges–Notre-Dame-de-Grâce.
The more than 700 housing units are expected to cost $103 million.
The city says the goal is to help protect vulnerable households and affordable housing, calling the housing needs “very high.”
“Protecting more Montrealers by guaranteeing them affordable, sustainable shelter is our concrete way of fighting the housing crisis and preventing homelessness,” said Montreal Mayor Valérie Plante.
The project will be managed by Montreal’s municipal housing office, the OMHM, which will conduct health checks of the buildings in the coming months to determine renovation priorities.
City officials are hoping to bring Montreal closer to its goal of achieving 20 per cent non-market housing by 2050.