News
The SHDM presents its 2025 budget
The Société d’habitation et de développement de Montréal (SHDM) has presented its 2025 budget and the Three-Year Capital Investment Program to the City of Montreal’s Finance and Administration Commission.
Here are the key priorities:
- Create optimal conditions to generate more affordable off-market housing for a diverse clientele, with a goal to acquire or begin construction on 1,000 units by July 2027.
- Evaluate opportunities to acquire buildings to ensure long-term affordability of rents and expand efforts in this area.
- Develop a new sustainable homeownership program to increase access to property ownership.
- Invest in maintaining the affordable off-market residential housing stock, with significant allocations in the 2025-2027 Three-Year Capital Investment Program (PTI), while ensuring rent affordability despite the challenging economic climate. Notably, $73.5 million will be invested across 138 residential asset maintenance projects.
Now more than ever, SHDM continues its efforts by working closely with partners to provide off-market housing solutions for Montrealers.
For more information (only in french)
Major renovations at Rigaud
The SHDM is proud to announce the completion of the refurbishment work on the terrace of the 17th floor of Le Rigaud, the largest Autonomie+ building in the SHDM portfolio, offering 312 affordable housing units to independent individuals aged 55 and over. The terrace now provides tenants with a revitalized and secure outdoor space featuring breathtaking views of the city.
Work is also ongoing to upgrade and modernize the elevators to meet current standards and ensure long-term reliability. They will be completed soon.
It’s worth noting that these efforts follow the waterproofing work on the rooftop garden above the parking lot, completed last year, which allowed for a complete redesign of the landscaping around the building.
In total, nearly $3.9 million has been invested in this building over the past three years, with the aim of maintaining the property and enhancing the living environment for our tenants.
A heartfelt thank you to all our tenants for their patience and cooperation during this period of construction.
We also wish to congratulate the real estate team, particularly the technical advisors, for their expertise and exemplary management, which ensured that deadlines and budgets were met!
New property disposition policy by the city of Montreal
The SHDM is pleased to announce the new municipal property disposition policy announced today by the City of Montreal. It will offer greater predictability and transparency regarding the development opportunities proposed by the City for the construction of non-market housing. The interactive map of available municipal projects, as well as the clarification of the acquisition request process, will help identify relevant land or buildings for the various projects of organizations.
« This announcement is great news for the housing sector! This disposition policy and the interactive map will provide the necessary information on municipal properties for the realization of non-market housing projects, » says Sophie Rousseau-Loiselle, Managing Director of the SHDM. « It is through the complementary actions of our partners that we will all be able to address the challenges of social and affordable housing in our region. As a key partner and real estate arm of the City of Montreal, the SHDM will continue to play an important role in the goal of increasing the number of non-market housing units in Montreal by 20% by 2050. »
To learn more about the City of Montreal’s disposition news:
– Read the SHDM’s press release.
– Read the City’s press release.
– Visit the City of Montreal’s land disposition page.
Departure of Ms. Suze Youance from the Board of Directors
It is with regret that the SHDM announces the resignation of Ms. Suze Youance from its Board of Directors, following her appointment to the Senate of Canada as a representative of Quebec as an independent senator.
Suze Youance has been a member of the SHDM Board of Directors since 2021 and a member of the Investment Management Committee. We would like to acknowledge her expertise and commitment, which have contributed to optimizing the SHDM’s investments to address the challenges of affordable housing in Montreal.
The members of the Board of Directors and the SHDM team would like to thank her for the work she has done and wish her every success in her new role.
Ms. Youance’s resignation is effective as of October 22, 2024.
« I thank the members of the Board and the SHDM management for the trust placed in me. You have been a great source of inspiration for working in affordable housing and embracing the mission of the SHDM. » – Suze Youance
Reception moved to the 21st floor
Due to renovations on the 22nd floor of 800 Boulevard De Maisonneuve E., the SHDM’s in-person reception has been temporarily transferred to the 21st floor. The mailing address remains unchanged.
Please note that some departments have been temporarily relocated to other SHDM buildings; please refer to the instructions provided in the communications you receive should you need to visit.
The SHDM team thanks you for your understanding.
Official inauguration of the Marcelle and Jean Coutu residence for women in situations of vulnerability and at risk of homelessness
The SHDM is proud to highlight the official inauguration of the Marcelle and Jean Coutu Residence, a building with 26 studio apartments that has been housing women in situations of vulnerability and at risk of homelessness for the past year. As the owner of the building, the SHDM has been working from the beginning of the project with the nonprofit organization Chez Doris, which manages the residence while providing psychosocial support to the tenants.
With a project budget of $7.2 million, this initiative was made possible thanks to a financial contribution of $5.1 million from SHDM’s own funds.
“This residence is a great example of a real estate project developed by the SHDM teams that makes a real difference for vulnerable populations in Montreal. This building with 26 studios is in addition to the 168 housing units for vulnerable people that we have built in recent months in the Ville-Marie borough. I would like to thank all the partners involved, both public and private, as well as Chez Doris, who made this project possible. It is proof that by collaborating and joining forces, we can find solutions together to provide sustainable housing for people in precarious situations, » explained Sophie Rousseau-Loiselle, Managing Director of the SHDM.
With the Marcelle and Jean Coutu Residence, the SHDM now has 194 new units dedicated to people in vulnerable situations: 114 on Christin Street, 54 on Atateken Street, and 26 here on De Champlain Street.
This project was made possible thanks to the commitment of the following partners: the Government of Canada (CMHC), the Government of Quebec (SHQ), the City of Montreal, and Chez Doris.
For more information on this project, visit the press release.
The Marcelle and Jean Coutu Residence at a Glance
• 2233 De Champlain Street, Ville-Marie Borough
• 26 studios for women in vulnerable situations or homelessness
• Owner: SHDM
• Managing organization: Chez Doris
• Architecture: Rayside Labossière
• Structural engineering: NCK Consulting Engineering Firm
• Mechanical and electrical engineering: Rochon Experts-Conseils
• Environmental consulting: Groupe Gesfor, Poirier, Pinchin Inc.
• Contractor: Germano Construction Corporation
On the photo, from left to right : Sophie Rousseau-Loiselle, Managing Director of the SHDM, Carole Croteau, Chair of the Board of Directors at Chez Doris, Benoit Dorais, Vice-President of the Executive Committee of the City of Montreal and in charge of housing, real estate strategy, property assessment, and legal affairs, Robert Beaudry, District Councillor in Ville-Marie and in charge of urban planning on the Executive Committee of the City of Montreal,
Karine Boivin Roy, Member of Parliament for Anjou-Louis-Riel and Government Assistant to the Minister of Employment and the Minister responsible for the Metropolis and the Montreal region, Diane Pilote, General Director of Chez Doris, The Honourable Steven Guilbeault, Minister of Environment and Climate Change.
Photo credit : City of Montreal