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Federal government puts $27M+ into 95-unit student housing project in Montréal
Announced Oct 22: the federal Apartment Construction Loan Program funds 95 rental units at UTILE Saint-Patrick in southwest Montréal, steps from Charlevoix metro; priority for Concordia students, including 6 transitional spots.
Why it matters
Another Apartment Construction Loan Program project landing in Montréal, aimed squarely at the student housing crunch: all 95 rental units go to students, steps from Charlevoix metro station, and will be run long-term by non-profit student housing operator UTILE — shielded from market speculation.
Project details
At 9 a.m. on October 22, Marc Miller, Minister of Canadian Identity and Culture, announced on behalf of Housing Minister Gregor Robertson, alongside Caroline Braun, Montréal's executive-committee member for housing, at 2566 rue Saint-Patrick: the federal government is providing more than $27 million in loans through the Apartment Construction Loan Program to build 95 rental apartments. Developed and operated by UTILE, its seventh project, the build also drew an $11.5 million land-acquisition investment from the Fonds immobilier de solidarité FTQ and a $4.4 million investment from the Fiducie du Chantier de l'économie sociale.
Who can live there
The units prioritize Concordia University students: the Concordia Student Union's partnership with UTILE gives its students priority access to 208 rooms in the Saint-Patrick building. A transitional housing program can accommodate up to six students at risk of homelessness for a few weeks while they search for permanent housing. UTILE now operates more than 1,000 non-profit housing units across Quebec serving over 1,400 people, aiming for 3,700 units by 2030.
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