A cooperative of 169 social and affordable housing units, currently under construction in the borough of Saint-Laurent, should welcome its first tenants by 2025, 10 years after the announcement of this housing cooperative project.
On a vast piece of land located opposite Marcel-Laurin Boulevard, a mechanical shovel is busy digging the foundation for this future building, which will total eight floors. The chosen location is currently out of the way, and therefore difficult to access by public transport from the heart of the metropolis. However, the situation is about to change with the arrival of the future Bois-Franc station of the Réseau express métropolitain (REM), which has stimulated the construction of many apartment buildings in this sector, which is also intended to house a school, Most often is “possibly.
It is therefore in the midst of this real estate effervescence that a few elected officials, including the mayoress of Montreal Valérie Plante and the federal deputy for Saint-Laurent Emmanuella Lambropoulos, announced the launch of the work of the Laurentian Housing Cooperative, the cost of which is valued at nearly $65 million. The City and all of the 82 municipalities of the Montreal Metropolitan Community (CMM) contribute $28.3 million, while Quebec contributes $11.1 million through the AccèsLogis program and Ottawa grants 6.7 million to this project. The latter also benefits from a mortgage loan contracted by the cooperative and guaranteed by the Société d’habitation du Québec (SHQ).
One of the particularities of the project is that it will include around fifty family dwellings, ie with at least three bedrooms. Housing that is becoming increasingly rare in the metropolis where small apartments are popular in new constructions. Moreover, 135 of these 169 dwellings, or 80% of the planned units, will be eligible for the SHQ’s rent supplement program. As is the case in social housing, the tenants of these units will be able to pay 25% of their income for housing. The rest of the monthly rent will be assumed by Quebec and the City.
The construction of this cooperative will require 30 months of work, indicated the head of housing on the executive committee, Benoit Dorais. This building should therefore welcome its first tenants by 2025, he specified to the To have to on the sidelines of this press conference.
This cooperative project was first launched in 2015 thanks to a mobilization of the community.
Further details will follow.