344, rue Champlain

The City is adjusting its financial contribution to the 'Sacré-Cœur' affordable housing project at 344, rue Champlain to align with the final funding structure approved by the Société d’habitation du Québec (SHQ). The project will provide 199 affordable housing units for families. The City's total contribution is set at approximately $13.7 million, consisting of a mix of monetary contributions and tax reimbursements.

The city is updating its financial commitment to the Sacré-Cœur affordable housing project at 344 Champlain Street by repealing a previous resolution and aligning with the provincial PHAQ program.

Council repealed a previous resolution to adjust the city's financial contribution to the 'Sacré-Cœur' affordable housing project at 344, rue Champlain. The new contribution, totaling over $13.7 million, includes tax reimbursements and monetary contributions to align with the final financial structure approved by the SHQ.

The City is providing financial support for the "Sacré-Cœur" affordable housing project at 344, rue Champlain. This includes a tax reimbursement of approximately $797,334 annually for 10 years and a cash contribution of over $7 million, contingent on the approval of a loan by-law.

The city is committing municipal funding to support the 'Sacré-cœur' affordable housing project located at 344, rue Champlain. This participation is required to access provincial funding under the *Programme d'habitation abordable Québec* (PHAQ) to increase the supply of affordable housing in the Hull-Wright district.