April 12 2017
The SHDM launches a major residential renovation project and integrates a social innovation component to its Le Christin building
The Société d’habitation et de développement de Montréal (SHDM) has obtained the approval of the Ville de Montréal Executive Committee to invest $4.7 million in a major renovation project for its affordable Le Christin residential building (Ville-Marie). Given the scope of the work required to renovate this building built in 1914, the SHDM seized the opportunity to thoroughly review the layout of the dwellings that were outdated and unsuitable for the needs of their tenants, while maintaining the affordability of rents for current and future tenants. The Corporation will also increase the social value of its housing offer through an agreement with the Accueil Bonneau that encompasses the management of the building, the recruitment of new tenants in the sector who are vulnerable or have experienced a situation of chronic homelessness and the provision of community services.
Russell Copeman, member of the Executive Committee of the Ville de Montréal, respondent from the SHDM, and responsible for housing, urban planning, real estate management and planning, and the Office de consultation publique de Montréal: “This project demonstrates how the SHDM goes far beyond expectations by seizing every opportunity to enhance its contribution to Montréal. In addition to ensuring the long-term sustainability of its housing stock by investing heavily, it also improves the relevance of its housing offer by partnering with organizations in the community sector to meet the Ville de Montréal’s orientations, including the Montréal Action Plan on Homelessness.”
Nancy Shoiry, SHDM Managing Director: “Being involved in Responsible Property Investment means taking every opportunity to improve our social, cultural and economic footprint for the benefit of the community. Beyond the improvement work, the renovation of the Le Christin building was the subject of a reflection that produced a project that will not only improve the quality of life of our tenants, but that will also diversify the solutions put in place to reduce and curb homelessness, in partnership with the Accueil Bonneau. It was the social value of the project that led the SHDM to make the calculated decision to absorb the operating deficit of the building.”
Aubin Boudreau, Managing Director of Accueil Bonneau: “This new project has an exemplary potential for the Accueil Bonneau. The SHDM offers us a residential project of choice, well located and adapted to our needs, which allows us to welcome people who have experienced homelessness and to help them continue their social reintegration process and achieve residential stability by benefiting from individual and personalized support. The project will provide a true mixed living environment for residents from different walks of life. This innovative approach promotes social inclusion, facilitates harmonious cohabitation and encourages everyone to play their role as citizens, either autonomously or with long-term support. ”
Regarding the Le Christin building
Located at 330, rue Christin, in the borough of Ville-Marie, this four-storey building was built in 1914. At the end of the renovation work, it will have 61 housing units, mostly studios with a bathroom and kitchenette, in addition to a laundry room, a community hall and an office for individual and community support services.
The entire project represents an investment of $4.7 million. The building will receive a $750,000 grant as part of the Ville de Montréal Major Residential Renovation Program.
By maintaining the affordable and social vocation of this residential building and by extending its housing supply to a more fragile clientele, the SHDM has chosen to assume from its own funds an annual operating deficit estimated at approximately $280,000 mainly due to amortization of the renovation investments announced today.
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