About the SHDM, a Key Player in Affordable Housing in Montréal
The SHDM, a non-profit parapublic organization
The SHDM is a parapublic organization of the City of Montréal that operates as a non-profit real estate development and management company. As the City’s real estate arm, the SHDM plays a key role in long-term, affordable housing. It helps maintain and increase the supply of residential rental housing for a diverse clientele, including vulnerable individuals, and promotes access to homeownership.
Its mission, as defined in its letters patent issued on June 15, 2010, and in its supplementary letters patent issued on February 11, 2025, under Chapter V of Schedule C of the Charter of the City of Montréal (R.S.Q., Chapter C-11.4), is as follows:
The SHDM contributes to the economic and social development of the City of Montréal by enhancing real estate assets of residential, institutional, industrial, commercial, and cultural nature within its territory.
Figures as of December 31, 2024
Nearly 40 Years of expertise and transformative achievements
With nearly 40 years of experience, the SHDM has acquired solid expertise in non-profit real estate, becoming a reliable and experienced partner capable of supporting major residential, industrial, and commercial projects that contribute to urban revitalization and the supply of affordable housing in Montréal.
The SHDM has acquired, renovated, and built numerous housing properties to meet the need for affordable and social housing. Among its many achievements are the 17 Autonomie+ buildings and the Accès Condos homeownership program. More recently, Le Christin, inaugurated in 2024, stands out as one of the largest real estate projects in Quebec dedicated to addressing homelessness. This 114-unit building continues to make a strong impression through both its social impact and architectural quality.
On the commercial side, several SHDM projects have contributed to Montréal’s economic and social vitality. Notable examples include Cité du Multimédia, Cité du commerce électronique, the World Trade Centre Montréal, Maison de la culture de Villeray–Saint-Michel–Parc-Extension, Complexe Chaussegros-de-Léry, and Îlot Balmoral.
As we know it today, the SHDM is the result of the merger of several parapublic organizations, each with its own specific mandates and roles in meeting Montréal’s evolving real estate needs and challenges. These include SOMHAM, SODÉMONT, SHDM, SIMPA, SODIM, and SDM.
Historically, much of the SHDM’s residential portfolio was developed through three programs that were in effect between 1978 and 1995: Article 95 of the National Housing Act (NHA) funded by the Canada Mortgage and Housing Corporation (CMHC), the Rental Housing Acquisition Program (PALL), and the Rooming House Acquisition Program (PAMAC) funded by the City of Montréal.
Affordability, social contribution, and community investment
People and collaboration are values that guide the SHDM’s actions on a daily basis. True to its mission, the SHDM’s teams are committed to making a difference in communities.
The SHDM provides affordable housing for more than 10,000 people, following affordability objectives to keep prices below market rates.
The SHDM’s social contribution is significant and can take many forms. The SHDM annually evaluates its social contribution to affordability by ensuring responsible management of rent increases in its residential rental portfolio. It also assumes deficit costs for the management of its rooming houses or by granting exceptional subsidies to certain tenants.
The SHDM also has a community investment policy to support organizations that have an impact on the Montréal community, whether through its donation and sponsorship program or the mobilization of its employees for the benefit of Centraide of Greater Montréal.
SHDM governance
The SHDM is governed by a board of directors and managed by an executive management team.
The board, along with its three standing committees, reviews and recommends strategies, policies, and projects proposed by the executive team.
Members of the board of directors, as well as the chair and the general manager, are appointed by the executive committee of the City of Montréal.
The board of directors is composed of nine members:
Jean-Jacques Bohémier
Chairman
Jean-Charles Angers
Director
Julie Chaurette
Vice chairman
Isabelle Durand
Director
Danielle Cécile
Director
Marie-Yan Cyr
Director
Alain Lapointe
Director
Jean-Sébastien Pilon
Director
Roger Plamondon
Director
Sophie Rousseau-Loiselle
General manager
Carl Bond
Assistant general manager - Commercial activities and strategic projects
Karim Farouk
Director of residential property management
Me Julie Faucher
Chief legal officer and director of legal and corporate affairs
Karine Larocque
Director of human resources
Annie Léonard
Director of finance
Kevin McMahon
Director of real estate development
Elisabeth Tremblay
Director of communications, public relations and customer experience
Manon Therrien
Executive assistant, secretary to the board and to the president
SHDM: 2025-2028 strategic planning
Vision
Building affordable housing in Montréal, now and for the long term.
Faced with a housing shortage, the SHDM is committed to leveraging its expertise in real estate and the necessary resources to significantly increase and safeguard the supply of affordable housing in Montréal.
The SHDM relies on strong foundations, including its expertise, financial capacity, homeownership tools, and affordability principles, to build sustainable affordable housing.
Intervention framework
The SHDM supports long-term affordable housing in four ways:
- Contributing to maintaining and increasing the supply of rental housing units for a diverse clientele;
- Acquiring, developing, and managing land and assets for residential and commercial projects, particularly at the request of the City;
- Collaborating with various actors in the ecosystem that address the full spectrum of social and affordable housing needs in Montréal;
- Implementing best practices that integrate ESG (Environmental, Social, and Governance) factors across all projects and operations.
Five core values
- COLLABORATION
- PEOPLE
- BOLDNESS
- EXPERTISE
- INTEGRITY
Strategic directions
- Become a leading player in affordable housing in Montréal.
- Continuously improve customer experience.
- Promote a culture where team well-being and expertise are central priorities.
- Maintain and enhance operational quality.
Official publications
Policies and procedures
The SHDM’s work is governed by policies that guide decision-making parameters and by codes that apply to its team.
Netiquette
Our Netiquette defines the rules of good conduct to be adopted in order to promote constructive and courteous discussions, while respecting the privacy and rights of everyone on our social platforms.
Questions about the SHDM?
As of December 31, 2025, the SHDM has 146 employees.
The SHDM is financially self-sufficient for its operating costs and receives no subsidies from the City of Montreal for this purpose. Details of the corporation’s revenues and expenditures are presented in its annual report, available in the official publications section.
The SHDM responds to information requests in accordance with the law, ensuring transparency toward the public while maintaining confidentiality for its clients and partners. For more information, please visit the Access to Information section.