Imbroglio autour du financement de 117 logements sociaux et abordables
AI Article Summary
The $49 million public funding for 117 social and affordable housing units in Sainte-Rose is delayed despite the construction nearing completion. The project awaits financial commitment from the Canada Mortgage and Housing Corporation (CMHC), delaying the finalization of funding and potentially causing financial losses for the nonprofit in charge. This situation might force the developer to switch to a private market project, thus removing planned affordable rents for 117 households. The building is expected to be ready by the end of February, but administrative delays may continue.
What This Means for Canadian Contractors
This project illustrates how delays in public funding can affect the availability of affordable housing. For Quebec builders, this means that government funding delays can impact project timelines and increase overall costs due to potential financial losses from uncollected rent. Proactive and precise planning is essential to avoid such delays.
