"We have a very ambitious objective of 12,000 units for both affordable and social housing," said Mayor Valérie Plante.
She stated the city is on track to create 6,000 social housing units and 6,000 affordable housing units within four years.
Mayor @Val_Plante says the city will work with partners to develop a total of 12,000 social and affordable housing units. "Ourgoal, and our mandate, and my responsibility is to bring all those tools together (to develop the housing units)," she said. #CJAD800 pic.twitter.com/2atrTT2AUd
— SaifKaisar(@StaySaif) October 25, 2018
The city plans to fund social and community housing through existing programs such as rent supplement, and AccèsLogis Québec and AccèsLogis Montrèal - which helps those with lower incomes afford housing.
Plante said the city will also use local inclusion funds to buy land or support the viability of developing housing projects.
Here is the City's plan to develop 12,000 additional affordable housing units. Mayor @Val_Plante says the city received $160M from the Government of Quebec to invest into affordable housing. #CJAD800 #mtl pic.twitter.com/BDxMF0JJTX
— Saif Kaisar (@StaySaif) October 25, 2018
A bylaw will also be passed which will approve a $50-million loan over 10 years to buy buildings or land to develop community and social housing units.
Plante plans to meet with Premier Francois Legault on Friday, where she will discuss her administration's housing priorities.