Building with 100 social and affordable housing units for independent seniors to be built in Montréal thanks to an innovative partnership [Yahoo! Finance]
Cabot Corporation (CBT)
Last cabot corporation earnings: 2/3 04:16 pm
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Source: Yahoo! Finance
the construction of a 100-unit social and affordable housing building for independent seniors over the next two years. The funding for these units stems from the recent Canada–Quebec Agreement under the Housing Accelerator Fund (HAF). The six-storey building to be constructed in Montréal's borough of Mercier-Hochelaga-Maisonneuve represents a government investment of .5 million, in addition to a contribution from the City of Montréal, which is providing the land and a financial contribution. A philanthropic donation by Luc Maurice, Chair of the Board of Directors of Mission Unitaînés, will round out the funding package. The work should be finished by spring 2026. Once construction is finished, the Office municipal d'habitation de Montréal will manage and maintain the building using a ,000 contingency fund provided by Mission Unitaînés. It will also select the building's residents. The building will include 100 units, with rents varying based on unit size. Equipped with two elevato
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CBT
Earnings
- 5/6/24 - Beat
CBT
Sec Filings
- 5/17/24 - Form 4
- 5/16/24 - Form 144
- 5/15/24 - Form 144
- CBT's page on the SEC website