Every Canadian deserves a safe and affordable place to call home. The COVID-19 pandemic has made it clear that affordable housing is key to Canada's recovery, as Canadian communities including students who want to come to Montréal to pursue higher education are still having trouble finding safe and affordable housing.
On June 3, the Honourable Steven Guilbeault, Minister of Canadian Heritage and Member of Parliament (Laurier-Sainte-Marie), on behalf of the Honourable Ahmed Hussen, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), along with Valérie Plante, Mayor of the City of Montréal, announced a low-cost loan of more than $20 million from the federal government to build La Rose des vents, a project by the Unité de travail pour l'implantation de logement étudiant (UTILE) that will include 123 housing units primarily intended for students in Montréal.
This investment by the Government of Canada is made possible by the National Housing Strategy's (NHS) National Housing Co-investment Fund (NHCF).