Innovative partnership to bring 100 units of affordable housing for independent seniors to Longueuil [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
announced the construction of a project containing 100 new affordable housing units for independent seniors over the next two years. The funding for these units comes from the recent bilateral agreement between Canada and Quebec under the Housing Accelerator Fund (HAF). The six-storey building to be built in Longueuil represents a government investment of .5 million, in addition to the contribution from the City of Longueuil , which is providing the land and certain breaks on taxes and utility connection costs. A philanthropic donation from Luc Maurice, Chair of the Board of Directors of Mission Unitaînés, will round out the funding package. The work should be completed by spring 2026. Once construction is finished, the Office d'habitation de Longueuil will manage and maintain the building using a ,000 reserve fund provided by Mission Unitaînés. It will also select the building's residents. The building will contain 100 units, with rents varying based on unit size. It will be equi
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