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Press releases

May 19, 2016

New $32.5-Million Fund for Community Housing Renovations

In order to enable housing coops and housing nonprofits to carry out major renovations without raising rent, the Chantier de l’économie sociale Trust and its partners, the Fonds immobilier de solidarité FTQ, SSQ Financial Group and the J.W. McConnell Family Foundation are creating a $32.5-million patient capital investment fund called the Fonds d’aide à la rénovation de l’habitation communautaire (FondsARHC).

May 11, 2016

Beyond Borders: A New $29 Million Initiative by the Fonds de solidarité FTQ to Consolidate Forestry Jobs in Québec

Speaking at the annual convention of the Québec Forest Industry Council (QFIC), Janie Béïque, Senior Vice-President of Industries, Entertainment and Consumer Goods at the Fonds de solidarité FTQ, announced a $29-million injection into the Fonds’ subsidiary Solifor for the acquisition of forest land in Maine along the Québec border in order to ensure a secure supply of fibre for Québec sawmills and wood processors.

Created in 1983, the Fonds de solidarité FTQ is a development capital fund that calls upon the solidarity and savings of Quebecers to help fulfill its mission to contribute to Québec's economic growth by creating and protecting jobs through investments primarily in small and medium-sized businesses in all spheres of activity.

The Fonds also seeks to encourage Quebecers to save for retirement and to offer its over half a million shareholders-savers a reasonable return over and above the outstanding tax benefits they receive for purchasing Fonds shares. A leading purveyor of unsecured risk capital (growth and venture capital), the Fonds continues to drive our economy.