Federal Investment to Add 989 New Montreal Homes
November 18, 2024
The federal government is providing nearly $364 million to help build 989 new homes in Montreal.
The announcement took place at 5200 rue de la Savane, in Montreal, which received $100 million dollars through the Apartment Loan Construction Program (ACLP) to build 303 homes and will be operated by Olymbec. This rental building, named Lynk, is designed to serve a diverse range of community needs. Some of the units will be offered at below-market prices, ensuring to meet the needs of individuals and families seeking more accessible rental options. This approach aims to create a well-rounded community by offering diverse housing options for residents with varying preferences and needs. The site is located close to a metro station and several shops.
Projects receiving funding
| Project Name | Program | Funding ($) | Units |
| Quartier Dalia | Apartment Construction Loan Program (ACLP) | 93,753,000 | 249 |
| Aria – Projet Voltige | Apartment Construction Loan Program (ACLP) | 67,000,000 | 182 |
| Lynk | Apartment Construction Loan Program (ACLP) | 100,000,000 | 303 |
| Trantor mtl 3 | Apartment Construction Loan Program (ACLP) | 103,105,000 | 255 |
| Total | 363,858,000 | 989 | |
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