An acquisition fund for affordable housing in Montreal

As a key player in resolving the housing crisis, we are committed to supporting stakeholders working towards this goal. At a time when many landlords are planning to sell their buildings in the near future, we are paving the way for social solutions.

We would like to draw your attention to the new Fonds d'acquisition pour le logement abordable (FALA), supported by the Caisse Desjardins du Centre-est de Montréal. This fund promotes the acquisition of rental housing by social economy organizations, thereby preserving their affordability. In collaboration with the participating Caisse, FALA proposes an innovative financing package based on the "patient capital" model.

This initiative offers owners of existing buildings in Montreal the opportunity to:

• Contribute to a solution to the housing crisis;
• Pass on their assets to new managers while preserving housing affordability;
• Negotiate clauses specific to their situation (balance of sale, maintaining a minority share, etc.).

 

Interested? We encourage you to contact FALA manager François Bellemare at angale@total.net for more information.