Fondation Lucie et André Chagnon

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The Foundation
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










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