News

This week, the SHDM presented its 2026 budget and its 2026–2028 three-year capital plan (PTI) to the City of Montreal’s Finance and Administration Committee.

They reflect the SHDM’s commitment to building affordable housing in Montréal, both now and for the long term, in partnership with stakeholders from the private and public sectors.

On October 22nd, the SHDM acquired two new buildings from the City of Montréal, ensuring long-term rent affordability for 29 housing units. Located in the Ville-Marie and Rosemont–La Petite-Patrie boroughs, these acquisitions contribute to our goal of developing 1,000 affordable housing units across Montréal by 2027, particularly for the most vulnerable populations.

As part of its Policy for the Transfer of Municipal Properties for Non-Market Housing Purposes, the City of Montreal has authorized the sale to the SHDM of the former Solotech factory site, located at the corner of Gilford Street and 2nd Avenue in the Rosemont–La Petite-Patrie borough.

The SHDM will develop a six-storey building there, comprising approximately 70 non-market housing units of various sizes, ranging from one to three bedrooms.

“This project will contribute to our goal of developing 1,000 affordable and social housing units by 2027 across Montreal. After completing successful feasibility studies on this site over the summer, our teams are now working on the design phase, with construction set to begin in fall 2026,” said Sophie Rousseau-Loiselle, General Manager of the SHDM.

To read the full press release (In French only)

 

The City of Montreal and the SHDM are mobilized to offer sustainable solutions to the housing crisis. Two initiatives were approved by the Executive Committee on September 17, 2025.

First, the City is transferring 20 residential buildings to the SHDM, thereby ending the emphyteutic leases that bound them. This unprecedented transfer gives the SHDM a strategic lever to strengthen the supply of affordable housing.

The buildings concerned, located across several boroughs, are Autonomie+ or Pour tous properties and are already managed by the SHDM. Tenants currently living in these buildings will not be affected by the transaction.

“With this transfer of buildings, the SHDM will be able to guarantee the long-term affordability of the 882 housing units concerned, while also benefiting from an economic leverage effect to create new affordable housing. The value generated by this operation could help secure the down payment required for new projects representing between 200 and 300 non-market housing units,” explained Sophie Rousseau-Loiselle, Executive Director of SHDM.

A seed fund to accelerate projects

In addition, the City is supporting the SHDM with a $3.3M seed fund, intended to finance feasibility studies for several development projects. This support will allow the SHDM to accelerate the implementation of new initiatives, notably within the framework of the portfolio approach aimed at creating 1,000 non-market housing units, announced in spring 2024.

“These initiatives contribute to creating the conditions required for SHDM to fully play its role as the City’s real estate arm in achieving the objective of 20% non-market housing in Montréal,” added Sophie Rousseau-Loiselle.

To view the press release (In French only)
To read the article by Zachary Goudreault in Le Devoir (In French only)

Photo: Le Lambert Closse, an Autonomie+ building of 62 units, transferred by the City to SHDM

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.

 

 

In 2024, the SHDM undertook major renovation work on three residential buildings in the Sud-Ouest district.

Offering 20 affordable housing units for individuals, couples, and families, this « Pour Tous » building complex received an investment of over $930,000 to replace doors, windows, and certain architectural elements, as well as improve insulation.

These renovations are expected to enhance energy performance by 15% and reduce greenhouse gas emissions by 17%, contributing to the sustainability of our buildings, reducing our environmental footprint, and maximizing the quality of life for our tenants.

A big thank you to the Capital Assets team for completing this project.