Social and affordable housing

A socially responsible investor


Out of solidarity for and with a view to fostering social diversity and cohesion, the Fonds immobilier invests in social, community and affordable housing projects. In the process, it contributes to the well-being of low- and modest-income households.


To date, the Fonds immobilier has invested $156 million in specialized funds managed by social economy enterprises, which use the funds to purchase land or property for projects awaiting funding. As a result of these investments, 6,103 quality dwellings have been built or renovated, providing a diverse clientele that includes persons with reduced mobility, homeless youth reintegrating into the job market and young single mothers with quality, affordable housing in safe neighbourhoods

Social, community and affordable housing funds

Capital social d'investissement immobilier
The pooled $151 million will enable housing co-ops, NPOs and housing authorities to secure long-term financing to build or acquire and renovate 1,500 affordable housing units in Québec. Projects are developed by the Association des groupes de ressources techniques du Québec (AGRTQ). Fonds immobilier's participation: $30 million

Han-Logement
An investment fund currently financing the construction of 500 affordable, adapted units for individuals with a physical or intellectual disability. Fonds immobilier's participation: $11.7 million
Fonds d'investissement de Montréal (FIM)
Created by Phyllis Lambert, the FIM is a financial tool that enables non-profit organizations (NPOs) and housing co-ops to purchase properties for conversion into quality community housing. Fonds immobilier's total participation: $12.5 million.
 
Fonds d’acquisition de Montréal (FAM)
An investment fund that provides loans to purchase land or buildings for community housing while awaiting funding from the Société d’habitation du Québec (SHQ) under the Accès Logis Québec program. Projects are overseen by the Groupe de ressources techniques (GRT) Bâtir son quartier. Fonds immobilier's total participation: $25.1 million

Fonds d’acquisition québécois (FAQ)
The success of the FAM prompted other areas of Quebec to adopt the model to assist other member groups of the Association des groupes de ressources techniques du Québec. Fonds immobilier's total participation: $20.1 million

Fonds d’aide à la rénovation de l’habitation communautaire
Created in partnership with the Fiducie du Chantier de l’économie sociale, this fund provides funding to renovate community housing built in the 1980s with financing from the Canada Mortgage and Housing Corporation (CMHC). Fonds immobilier's participation: $21.0 million    
 
Les Habitations le Domaine
A project of NPO Gérer son quartier involving the acquisition of 726 units spread over 111 buildings in Montréal that will be renovated and converted into affordable housing. Fonds immobilier's participation: $9.5 million
 
Fonds d’investissement pour le logement étudiant (FILE) 
An investment fund whose goal is to finance the construction of affordably-priced student housing (300 apartments and 500 rooms). Construction is overseen by the not-for-profit Unité de travail pour l’implantation de logement étudiant (UTILE). Fonds immobilier's participation: $5.5 million 

Institut Pacifique 
Bridge funding to renovate and expand the facilities of the NPO Institut Pacifique, which provides services to school communities and youth to prevent violence and psychosocial issues. Fonds immobilier's participation: $2.3 million

CPE Griffintown
Bridge funding for the acquisition of commercial space to house two daycare centres in Montréal’s Griffintown neighbourhood. Fonds immobilier's participation: $5.5 million

Société immobilière locative à prix accessible (S.I.L.A.)
Temporary financing for NPO S.I.L.A. related to TRG Nouvel Habitat in Lévisto renovate a housing complex of 84 affordable housing units. Fonds immobilier's participation: $1.9 million

Centre d’intégration scolaire
Acquisition and redevelopment of a building in Montréal to relocate the Centre d’intégration scolaire, a French-language school specializing in the social, affective and academic re-education of students in crisis. Fonds immobilier's total participation: $2.1 million
Initiative immobilière Centraide 
An investment fund to enable the construction, acquisition or renovation of buildings for NPOs. Fonds immobilier's total participation: $6.0 million

UTILE – Trois-Rivières 
Bridge financing for the acquisition of land and predevelopment work for the construction of 104 student housing units. Fonds immobilier's participation: $1.5 million 

Coopérative d’habitation des Prés 
Bridge financing to allow the GRT Entraide Habitat Estrie to build a 16-unit housing co-op. Fonds immobilier's participation: $1.0 million 

Quartier Éphémère 
Bridge financing to enable the conversion of an industrial building into 29 artist studios in Montréal. Fonds immobilier's participation: $0.4 million 

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Message from the President and CEO, Normand Bélanger, ASC, CIRC

Press Release

  • October 13, 2021

    DEVIMCO IMMOBILIER AND ITS PARTNERS BEGIN CONSTRUCTION OF THE AUGUSTE & LOUIS PROJECT

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