Nevertheless,
Desjardins launching fund creation green:
Quebec must both increase its affordable housing offer and improve its energy efficiency. In addition, Desjardins wanted to kill two strokes by one stone by launching a new fund on Tuesday to create low. Meanwhile, -cost ecological housing. Consequently, Several philanthropic foundations have released their checkbook to finance the project. Nevertheless, The Quebec government too.
The new amplifier fund. However, with an envelope of 50 million, should allow the construction of around 1,700 rental dwellings over the next three years. Moreover, “It will give an additional momentum to the construction of affordable housing in Montreal. Consequently, but also throughout Quebec,” said Guy Cormier, president and chief executive of the Desjardins movement, in an interview with The Duty.
The financial institution will be responsible for administering the fund. For example, “to pilot the deployment of capital, the follow-up and the realization of these desjardins launching fund creation green projects”, indicates Mr. Cormier. Six philanthropic organizations, among which we find in particular centraide, inject the majority of the capital, or 42.5 million. The Government of Quebec contributes for the remaining portion, up to 7.5 million, through the Société d’Habitation du Québec.
“These 50 million can be patient capital, to start funds to start projects. It will not allow to build all buildings or housing. There will also be the involvement of funding in the form of a loan with the Canadian Mortgage. Housing Company, ”explains Cormier.
Affordable. not intermediate – Desjardins launching fund creation green
To be able to benefit from the fund, projects must be carried out by non -profit organizations or cooperatives and meet a series of criteria.
Constructions must in particular have an energy performance of at least 35 % greater than the national energy code for buildings. not depend on any fossil energy. They cannot therefore be heated with natural gas.
Another criterion: the rents desjardins launching fund creation green of housing built will have to meet the standards of the affordable Quebec housing program. Recently, the Quebec government has added a new category to finance so -called “intermediate” affordable housing, therefore at higher prices. In the case of the amplifier fund, “we are not in the intermediate dimension. We are really in the affordable dimension as such, ”says M. Cormier.
Even if nothing is poured into concrete. the objective is that almost half of the projects are emerging in the large Montreal region, and the other half “almost everywhere through Quebec”, indicates the CEO of Desjardins.
One more envelope
At the end of June. Desjardins had already signed an agreement with the governments of Quebec and Canada for the creation of 1000 new affordable dwellings over the next three years. This agreement was part of the affordable housing initiative Desjardins. thanks to which nearly 2,000 dwellings have already emerged from desjardins launching fund creation green the ground.
The around 1. 700 dwellings that will be built thanks to the amplifier fund will therefore be added to those who are already built and to the others who were promised last month. “We have always been very [clairs] On the fact that you have to tackle the housing crisis even more actively. For us, at Desjardins, it is important to get involved, ”argues Mr. Cormier.
What are the foundations involved?
To watch in video
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