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Montreal Divides $2 Million Among Four Nonprofits to Scale Below‑Market Housing, Targeting 6,300 Units Over 10 Years

City leaders say the grants build nonprofit capacity to acquire, manage, develop below‑market homes rather than finance construction.

Overview

  • The city named Old Mission Brewery ($400,000), Gérer son quartier ($500,000), Interloge Centre‑Sud ($600,000) and Corporation Mainbourg ($500,000) as recipients.
  • Old Mission Brewery says the funding will enable 237 additional units by 2028, nearly doubling the apartments it can offer people leaving homelessness.
  • Gérer son quartier’s board president says the grant will let the group double its owned units from roughly 1,000 to 2,000 within two years.
  • Officials cite Vienna’s housing model as a guide for expanding municipally linked, below‑market supply through nonprofit operators.
  • Affordable units make up about seven percent of Montreal’s housing stock, and Projet Montréal targets 20 percent by 2050, with Luc Rabouin saying he would seek a $5‑million envelope next year if re‑elected.