Montreal announces almost 900 new units of social and affordable housing units through non-profit collaboration [Video]

Montreal should soon house some 900 households in new off-market, non-profit housing units.

The federal, provincial and municipal governments dished out a total of $340 million to support the development of 893 social and affordable housing units through 10 community organizations.

Of those, 583 will be eligible for a rental subsidy that sets rent at 25 per cent of household income. All units will be rent-controlled to ensure that they remain affordable, with slower rent increases than in the private market.

“While Montreal is going through a housing crisis, which is directly linked to the homelessness crisis, these projects will alleviate the desperate need faced by our vulnerable population,” said Montreal Mayor Valerie Plante in a news release.

“Thanks to these projects, more than 1,000 people will be safe from the streets and able to live in safe, dignified conditions.”

According to the housing ministry, 183 of the announced units …