Mission-based investments
Les Habitations Le Domaine
Area of investment: Affordable housing
Les Habitations Le Domaine is a large real estate development located in Montreal’s Mercier-Ouest neighbourhood that includes:
- 726 housing units divided among 111 buildings
- 79% of units with two or more bedrooms
Our mission-based investment
This investment is in the form of a second mortgage loan to enable the acquisition, together with other financial partners, of this large block of family-oriented residential real estate with 726 housing units in Montreal’s Mercier-Ouest neighbourhood. The purpose of the investment is to give low- and middle-income households access to quality housing at an affordable cost.
Objectives
To contribute to:
- maintaining affordable housing within the development
- reinforcing the Domaine’s commitment to families
- creating a family-centric living environment in collaboration with neighbourhood partners
Real estate developer
- Gérer son quartier
Financial partners
- CMHC
- Caisse des Travailleuses et Travailleurs Unis Desjardins
- Fonds immobilier de solidarité FTQ
- Lucie and André Chagnon Foundation
Lessons we have learned
Community support is essential for:
- welcoming and supporting vulnerable populations, avoiding stigmatization and furthering effective integration
- encouraging a feeling of community and neighbourliness among tenants
- setting up real estate projects that reflect the mobilization dynamic of neighbourhood partners.
(captions in French only)
What the media are saying
June 16, 2018
L'investissement immobilier du Fonds FTQ: un levier pour l'économie du Québec (in French only)
Le Soleil and Le Devoir
Area of investment: Affordable housing
Les Habitations Le Domaine is a large real estate development located in Montreal’s Mercier-Ouest neighbourhood that includes:
- 726 housing units divided among 111 buildings
- 79% of units with two or more bedrooms
Our mission-based investment
This investment is in the form of a second mortgage loan to enable the acquisition, together with other financial partners, of this large block of family-oriented residential real estate with 726 housing units in Montreal’s Mercier-Ouest neighbourhood. The purpose of the investment is to give low- and middle-income households access to quality housing at an affordable cost.
Objectives
To contribute to:
- maintaining affordable housing within the development
- reinforcing the Domaine’s commitment to families
- creating a family-centric living environment in collaboration with neighbourhood partners
Real estate developer
- Gérer son quartier
Financial partners
- CMHC
- Caisse des Travailleuses et Travailleurs Unis Desjardins
- Fonds immobilier de solidarité FTQ
- Lucie and André Chagnon Foundation
Lessons we have learned
Community support is essential for:
- welcoming and supporting vulnerable populations, avoiding stigmatization and furthering effective integration
- encouraging a feeling of community and neighbourliness among tenants
- setting up real estate projects that reflect the mobilization dynamic of neighbourhood partners.
(captions in French only)
What the media are saying
June 16, 2018
L'investissement immobilier du Fonds FTQ: un levier pour l'économie du Québec (in French only)
Le Soleil and Le Devoir
