2024 annual report: building affordable housing

The SHDM’s 2024 Annual Report is now online! (Available in French only)

Marked by the development of a new strategic plan that sets out a renewed vision, 2024 was a year rich in achievements. Thanks to the expertise of our team members and strong collaboration with our partners, the SHDM continued to play a key role in addressing Montrealers’ affordable housing needs.

Highlights from 2024 include:

–  Adoption of the 2025–2028 Strategic Plan, developed through a collaborative process with staff and stakeholders
–  A major agreement with the City of Montreal to develop 1,000 off-market housing units by 2027
–  Acquisition of five buildings totaling 140 housing units, which have been removed from the private market
–  Resumption of the management of 138 housing units across 15 buildings
–  $10.5 million invested in the maintenance of the property portfolio

You can consult the short version of the annual report, which includes summarized financial data, or the long version with detailed financial statements.

Both versions are also available as PDFs:

–  Short Version
–  Long Version

As of December 31, 2024, SHDM represents:

–  5,217 off-market affordable housing units
–  393 residential buildings
–  1 million sq. ft. of commercial space
–  3,925 Accès Condos units
–  A debt ratio of 14%
–  146 employees

Congratulations and thank you to all our teams for their commitment to the SHDM’s mission—both in advancing our projects and in serving our clients.