The federal and Quebec governments have agreed to invest in 763 new social and affordable housing units in Montreal.

The units will be situated in 12 buildings within the city limits. Ottawa and the provincial government are funding the projects through through the Canada-Quebec Agreement under the federal $4-billion Housing Accelerator Fund, to which the governments have each contributed $900 million. 

The HAF is administered by the Canada Mortgage and Housing Corporation.

The projects were selected during the second call for projects from the province’s housing agency, the Société d’habitation du Québec (SHQ.) The City of Montreal will also invest in the units and must provide at least 40% of a base grant from the SHQ.

The housing units will be available to individuals, including seniors, and couples and families dealing with mental and physical health issues.

In February, the federal and Quebec governments announced that 2,574 new housing units will be built quickly across the province through 47 projects. To remain eligible for funding, a project’s sponsor must sign an agreement with a construction contractor within 12 months of being selected.

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