The Fonds d’investissement de Montréal (FIM), coordinated by Bâtir son quartier, enables housing nonprofits to acquire buildings to maintain long-term rental affordability and improve living conditions for households.
“Stakeholder trust is a key success factor. As is the stakeholder’s willingness to work in a solution-oriented manner,” says Edith Cyr, CEO of Bâtir son quartier. “The resulting collective housing stock is a resource for society and makes a big daily difference for households that occupy quality housing that meets their financial capacity.”
FIM has gone through four investment phases since its creation. The McConnell Foundation is a funder in the fourth phase. During this phase, six real estate purchases enabled 545 households to improve their living conditions and ensure their rent will remain financially accessible.
In 2024, a 105-unit complex in the city’s Rivière-des-Prairies-Pointe-aux-Trembles borough was acquired as a result of financing from FIM.
For FIM, the involvement of philanthropic players offers recognition of the relevance of community housing in meeting the needs of the under-housed. It also contributes to the social and economic revitalization of neighbourhoods,” explains Cyr. “These partnerships help to shed light on the housing issues facing low- and moderate-income households. They also raise awareness of the innovative solutions put forward by the Fonds d’investissement de Montréal to address them.”
Thank you to Bâtir son quartier for the images used on this page and other pages throughout this report.