March 31 2014
The SHDM buys land in order to increase the offer of community and affordable housing in partnership with Bâtir son quartier
Last week, the Société d’habitation et de développement de Montréal (SHDM) purchased a 47,436 ft2 (4,406 m2) plot on the site of Les Bassins du Nouveau Havre in the Le Sud-Ouest borough of Montréal from the Canada Lands Company (CLC). As part of a project developed in partnership with Bâtir son quartier, the plot will eventually be the site of community or social housing, Accès Condos-accredited affordable condominiums to meet the needs of families, as well as non-residential space for the social and creative economy, in collaboration with the Regroupement économique et social du Sud-Ouest (RESO).
Johanne Goulet, SHDM General Manager, notes: "We are delighted that the intervention of the SHDM contributes to the implementation of this ambitious project alongside Bâtir son quartier. This demonstrates the effectiveness of a collaborative partnership in support of common goals. Our organizations share the belief that the retention of families in Montréal can be achieved through a greater mix of housing across our territory, including social, community and affordable housing."
Edith Cyr, General Director of Bâtir son quartier, adds: "The collaboration with SHDM enables us to give concrete expression to our real estate community project aimed at providing the community and Montréal families with housing products and employment opportunities that truly meet their needs. The land acquisition is a milestone in an ambitious development project. Over time, it will allow people with low and modest incomes to find housing, and help preserve the social and economic balance of a neighbourhood in high demand."
CLC representative, Daniel Dorey, Senior Vice President (Québec), states: "The CLC is proud to contribute to this project and continues to play a vital role in the revitalization of Montréal’s Southwest. We share the partners-buyers’ vision that major projects like this can provide a social mix through various types of housing and neighbourhood services. We extend our best wishes for success, to the SHDM and Bâtir son quartier, in the implementation of their projects."
By buying this plot of land, the SHDM guarantees that it will be reserved for the development of social, community or affordable housing. The land is thus being taken off the private market while the financing and the community and social development components are being finalized. This guarantee forms an integral part of the conditions of sale agreed upon with the CLC.
In addition to the plots already reserved for this purpose, the achievement of this component of the project will increase the total number of social, community and affordable housing in Les Bassins du Nouveau Havre. In doing so, the project will exceed the targets set by the development agreement between the CLC and the Ville de Montréal: a minimum of 20% of social or community housing and 10% of private and affordable condominiums, on a total of 2,000 homes originally planned.
About the Société d'habitation et de développement de Montréal (SHDM)
SHDM contributes to the economic, social and cultural development of Montréal's territory by developing real estate assets. Key player in the Ville de Montréal in the development of housing and its territory, the SHDM helps to increase the supply of affordable housing while creating a ripple effect on the revitalization of neighbourhoods. In addition to managing Accès Condos, a program to facilitate access to homeownership, the SHDM owns more than 4,700 affordable housing units and 309 units within fifteen rooming houses. As well, it provides property management services for seven commercial buildings.
About Bâtir son quartier – www.batirsonquartier.com
Bâtir son quartier is a social economy enterprise that coordinates the implementation of housing and community projects to create supportive living environments for low and middle income households. Since the beginning of its operations in 1976, Bâtir son quartier has completed nearly 400 co-op or non-profit housing projects totaling over 9,900 dwellings in the Montréal area, in addition to numerous projects to house daycare centres, community centres and facilities for social economy enterprises.
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