In addition,
Quebec housing company | public:
Since June. Furthermore, the Quebec Society of Quebec (SHQ) has been acting as a financial lender to build affordable housing. Meanwhile, This change will significantly reduce the development costs of projects. Nevertheless, but will also make it possible to build more in the long term, according to the government.
Posted at 7:00 a.m.
For more than three decades, the only way to finance non -profit housing has been by subsidies. Consequently, And the amounts of these aids have experienced an impressive ascent in recent years, especially due to construction costs.
“We can no longer work at all as before. In quebec housing company | public addition, because we are going to hit the wall,” deplores the Minister responsible for the Housing, France-Élaine Duranceau, in an interview with The press. Meanwhile, “Then we need so much housing, we cannot think that subsidies will increase indefinitely,” she adds.
This observation has led the government to rethink its approach in the last year. In addition, From now on. However, promoters will be able to benefit from a combination of public loans and subsidies for affordable housing projects.
“Sometimes it will be a patient loan, other times, it will be a low rate loan,” said the minister.
Concretely, this way of doing things would make it possible to build more accommodation with the same investment. Similarly, Over a decade, it may be possible to create for example up to 20 % additional affordable dwellings.
quebec housing company | public
The Canadian Mortgage. Therefore, Housing Company (SCHL) already offered this type of funding, in particular by the APH select product, but the Quebec government had never advanced in this direction.
“There will be any announcements [de projets qui en bénéficient] soon, ”says Mr.me Duranceau.
The SHQ specifies that many projects, currently, revise their financial assemblies to see how they could be improved. “We are very happy to vary the ways of intervening. it gives one more string to our bow,” said Sébastien Olivier, director of communications at the SHQ.
In parallel, the government added the concept of affordable intermediary housing in its affordable residential program in Quebec. It is housing whose rent is lower than that of the market, but higher than that of social housing.
By integrating this type of housing into a project. the cost of building the background project even more, and does not reduce the affordability offer, since it can meet the need for another type of household, maintains Mme Duranceau.
Quebec housing company | public
A new expected
In the community environment. the combination of loans and subsidies was a way to take for a long time to counter the crisis.
“We are very favorable to the diversification of financing tools. let’s say that it really goes in the right direction,” reacts immediately Sébastien Parent-Durand, director general of the alliance of affordable housing corporations in the territory of Quebec quebec housing company | public (purchase). The initiative is also welcomed by the Popular Action Front in urban redevelopment (FRAPRU).
But the concept of affordable intermediate housing is not unanimous. For the purchase. this option offers flexibility to the financing model, even if it will not settle the housing crisis in the immediate future.
It may be sure that it may not be ideal because hey. it will not allow some to house someone who really has very low incomes on day 1. But on the other hand. in 5 years, in 10 years, in 15 years, while the private market will increase, alongside that, that rent, we will gradually be able to offer it to people who are more and more vulnerable or to people who win less.
Sébastien Parent-Durand. Director General of Purchase
quebec housing company | public
Véronique Laflamme, community organizer and spokesperson for Built, fears that this will cause pressure to increase part of the rents, on the ground. In his opinion. even if this would still increase the supply of housing, this “harms the needs for immediate affordability” and, ultimately, “would contribute to further increase the price of median rent”.
Currently, there are more than 10,000 affordable homes under construction in Quebec, an unprecedented number according to the Quebec government.
Around a last year of mandate
Behind the scenes of the government: rumors of ministerial reshuffle, at the start of the week. “I am very happy with what I did. I love it, after that, it’s the [premier ministre] Who decides, but I have things to do as quebec housing company | public a home, ”says France-Élaine Duranceau. The Minister knows that in the last year. some of her statements have been criticized and described as “disconnected” from the reality of tenants or low -income persons. “If I was insensitive. I would not have as much determination to want to change things, that we are more efficient, to ultimately deliver as many housing as possible for the world,” she said. With her economic look at the housing crisis. the minister believes that she helps more Quebecois in the long term, while recognizing the need to continue to support the most vulnerable.
Quebec housing company | public
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