SHDM signs an agreement with CMHC and City of Montreal to renovate its buildings
At a press conference held this morning, the SHDM, the federal government and the City of Montréal announced the signing of an agreement to make major investments in all SHDM affordable housing buildings.
The Honourable Steven Guilbeault, Minister of Environment and Climate Change and Member of Parliament for Laurier–Sainte-Marie, alongside Soraya Martinez Ferrada, Parliamentary Secretary to the Minister of Housing and Diversity and Inclusion and Member of Parliament for Hochelaga announced a $69 million financial commitment from the federal government for a portfolio agreement under the National Housing Co-Investment Fund (NHCF) with the City of Montréal and the SHDM. By the end of 2028, the City of Montreal will be providing $4.6 million to $12.6 million. The federal representatives were joined by Mr. Benoit Dorais, Vice-President of the Executive committee of the City of Montreal, responsible for housing, real estate strategy and legal affairs and Johanne Brunet, Chair of the SHDM Board of Directors.
»These investments are part of the SHDM’s renovation strategy to improve the safety and quality of life of tenants, in keeping with our values of affordability, accessibility and sustainable development » said Johanne Brunet, Chair of the SHDM Board of Directors. For Nancy Shoiry, Executive Director of SHDM, »this agreement will allow SHDM to complete $92 million of work over eight years on all of our residential buildings, while maintaining affordable rents ».
By the end of 2028, more than 380 affordable residential buildings, representing more than 4,700 units, will undergo renovations or interventions aimed at energy efficiency, greenhouse gas emission reduction, accessibility or safety. The SHDM will invest a minimum of $10.4 million in these renovations.
The SHDM is financially autonomous from the City of Montréal and does not receive any public funding for its operations.