QUEBEC CITY, QUEBEC--(Marketwired - June 8, 2017) - Nine social housing projects now have funding to complete the necessary renovations and repairs to their properties. They will benefit from a contribution of more than $520,000. Investing in the renovation and repair of affordable housing projects in the Québec area will improve the overall well-being of families and the community.

The Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC) and Member of Parliament for Québec, made the announcement today.

Each project requires various renovations and updates, including such things as masonry, brickwork, foundation work, the updating of electrical systems, painting, railing repair and the sealing of doors and windows. The nine projects that will benefit from the government's contribution are the following:

• Coopérative d'habitation La Promenade
  • 642-648 Bagot Street
  • 429-433 Raoul-Jobin Street
  • 755-759 Raoul-Jobin Street
• Coopérative d'habitation Vie de Quartier
  • 574 Jacques-Parizeau Street
• Coopérative d'habitation de la Chevrotière
  • 1060 De La Chevrotière Street
• Coopérative d'habitation de la Renaissance de Québec
  • 2465-2475-2495 Trudeau Street
• Coopérative d'habitation l'Alizé
  
  • 365 Jeanne d'Arc Street
  • 310, 312, 316 D'Aiguillon Street
  • 519, 521, 523, 525 D'Aiguillon Street

Quote:

"Our Government is investing in repairs and retrofits of social housing projects to improve the quality of life for those who need it most. These nine projects here in Québec will benefit from this endeavor and, in turn, our community benefits. Such work will help grow Canada's economy and Canada's middle class." - Jean-Yves Duclos, Minister of Children, Families and Social Development and Minister Responsible for CMHC

Quick Facts:

• Budget 2016 provided close to $574 million over two years, starting in 2016-2017, through the 2016-2018 Social Infrastructure Fund, to support repairs and energy and water retrofits and renovation of existing social housing units. The majority of this funding is flowing through the provinces and territories.
• Of this funding, $77.6 million over two years is provided to social housing units directly administered by CMHC.
• A federal contribution of close to $12 million was made under the Reno/Retro 2016 initiative for social housing, administered by CMHC. The funding will support general repairs as well as renovations required for the health and safety of residents, and to address accessibility, vacancies as well as water and energy consumption.

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- CMHC has been helping Canadians meet their housing needs for more than 70 years. As Canada's authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers unbiased housing research and advice to Canadian governments, consumers and the housing industry. Prudent risk management, strong corporate governance and transparency are cornerstones of CMHC's operations. For more information, please call 1-800-668-2642, visit our website or follow us on Twitter, YouTube, LinkedIn and Facebook.