Agreement between Ottawa and Montreal: $69 million to renovate housing

Agreement between Ottawa and Montreal: $69 million to renovate housing

UPGRADE DAY

More than 4,700 affordable housing units in Montreal will be renovated thanks to financial assistance of $69 million offered by the federal government and the City of Montreal, announced the federal Minister of the Environment, Steven Guilbeault.< /strong> 

The purpose of this commitment is to “modernize and extend the lifespan” of these numerous dwellings across the metropolis, in addition to improving “the health, safety, comfort and the quality of life” of the people who live there.

“The homes and buildings of Canadians must allow them to live in a safe, dignified and affordable way. Renovating our homes to make them more comfortable and efficient contributes to better use of our energy resources, and will result in savings on electricity bills. This is an important step towards a fairer and greener society where everyone can find suitable housing,” declared Mr. Guilbeault.

Thus, by the end of 2028, the City of Montreal will have awarded between $4.6 million and $12.6 million for this project.

“With this major funding from CMHC [Canada Mortgage and Housing Corporation] and the City of Montreal, we allow the SHDM [Société d'habitation et de développement de Montréal] to maintain in good condition, renovate, improve energy performance and preserve the affordability of its housing stock”, added the vice-president of the executive committee of the City of Montreal, responsible for housing, real estate strategy and legal affairs, Benoit Dorais.