News
The SHDM agrees to the transfer of the development for phase IV of the Faubourg Contrecoeur project
Montréal, Thursday, March 7, 2013 –The Société d’habitation et de développement de Montréal (SHDM) has authorized the transfer of the development for Phase IV of Faubourg Contrecœur from Construction F. Catania & Associés to Développement Faubourg Contrecœur. This company dedicated to the project was created by shareholders of Constructions Devlor Inc., which will act as general contractor.
To get the green light from the SHDM, the two developers had to offer guarantees on the completion of the project in compliance with all the conditions of the original agreement in order to protect the rights of current and future buyers. The 128 residential units that are planned will therefore be built according to the quality criteria that were established and in line with the prices that had been set. In addition, the transfer conditions were confirmed, including evidence of commitments vis-à-vis suppliers and financial institutions involved in the project. A delivery time of a few months was granted to allow for a smooth transition.
The SHDM took all necessary precautions by carrying out the usual checks surrounding the new developer, including verification by the comptroller’s office of the Ville de Montréal.
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Source : Société d’habitation et de développement de Montréal
Information : Leslie Molko, 514 286-6033 poste 244
The SHDM becomes a member of the Montréal = Families steering committee
At the invitation of the Minister responsible for the Montréal region, Jean-François Lisée, the SHDM joined the Montréal = Families Steering Committee, to identify the most effective strategies and incentives to encourage families with young children to settle or remain on the island of Montréal.
The working group is composed of experts from associations, academia, financial circles and community groups, as well as of representatives from the Ville de Montréal and the Québec government. This group will examine the incentives that are already in place and have had proven results in Montréal or other cities.
In addition to initiatives that directly affect housing, such as home ownership programs, the working group will focus on other dimensions of a living environment that are factors in attracting families, such as transportation, recreation, education, etc.
Simplifying the renewal of your lease agreement
To simplify the lease renewal process for all our tenants, we have changed the renewal notice and have added an easy-to-complete questionnaire.
Directly inspired by the model suggested by the Régie du logement du Québec, this form allows you to keep the original notice, while informing us of your intentions. It also contains all the relevant information to ensure the best possible follow-up by our managers.
Don’t forget! You have thirty days to respond or we will automatically renew the lease according to the proposed terms and conditions.
Remember that, in compliance with SHDM’s Regulation on rent-setting criteria and its tax status, the calculation of the rent increase takes into account:
- The building’s total revenue, including revenue from the rental of commercial spaces;
- The operating expenditures of the building, including costs of improvements and maintenance carried out in the building and/or in your apartment, insurance and management fees, energy, as well as municipal and school taxes;
- Theemphyteutic rent and the GST are excluded from the calculation.
As always, if you have any questions, do not hesitate to contact your building manager, who will be happy to assist you.