Fondaction invests $10 million in a unique cooperative housing model in partnership with the CQCH to provide affordable homeownership options for low-income households in Quebec.

Information on the Target

The target of this partnership is the newly established "Fonds Coop Accès Proprio," a non-profit organization created by the Confédération québécoise des coopératives d’habitation (CQCH). This innovative entity focuses on providing cooperative housing solutions for low-income households by offering usufruct rights to residential units. This program allows families who are near the average income but do not qualify for certain assistance programs to access a feasible ownership model.

With this cooperative ownership model, physical property ownership is shared among residents as a community. Residents gain the right to occupy and utilize their living space, fostering a sense of community and collective resource management. The initiative aims to create sustainable and affordable housing opportunities in Quebec, directly addressing the housing needs of population segments that are currently underserved.

Industry Overview in Quebec

The cooperative housing sector in Quebec encompasses over 1,300 housing cooperatives, offering more than 30,000 affordable units. This model serves as a significant alternative to traditional housing arrangements, par