Two Montréal housing co-ops received a combined $2.39 million in federal funding to repair buildings that provide 23 affordable homes. Both properties had water infiltration problems. The October 29 announcement from Canada Mortgage and Housing Corporation details how each co-op used the money, including drainage and exterior repairs at the smaller property.

Water infiltration at two Montréal housing co-ops

The Coopérative d’habitation Parc Marquette received $1.49 million for its century-old building in Rosemont–La Petite-Patrie. The 17-unit co-op used the funding for building maintenance and to address water infiltration. Rachel Bendayan, the member of Parliament for Outremont, announced the funding at Parc Marquette.

The Coopérative d’habitation Objectif Chez Nous received $900,000 for its six-unit property. Along with addressing water infiltration and drainage problems, the co-op repaired balconies, masonry and exterior siding. CMHC provides a funding total for each property but gives no cost breakdown for the individual repairs.

How the repair fund accounted for future costs

Both projects received support through the federal Affordable Housing Fund. Its repair and renewal stream offered several financing options for existing affordable housing, including repayable loans, forgivable loans and contributions. CMHC did not specify which form of financing either co-op received.

For borrowers, the program linked financing to a plan for future capital repairs. CMHC’s repair and renewal guidelines required borrowers to establish a replacement reserve. The minimum was four per cent of annual rental income. If the property condition assessment recommended a higher amount, that figure governed.

By June 2026, federal commitments through the fund supported repairs to 173,560 existing units across Canada. CMHC says the fund has since closed to new applications because the federal government has committed all available funding.