Program authorizing the financing of the operating deficit of certain low-income housing projects

• The applicant must be a cooperative, a non-profit organization, or a housing office that owns or manages an eligible low-income housing project.
• The project must be part of the low-income housing portfolio for which the Société d’habitation du Québec is no longer authorized, or will no longer be authorized by December 31, 2026, to subsidize the annual operating deficit.
• The project may also be eligible if it has been reconstructed or expanded with funding from the Société, under a government-approved program or decree, and lacks current authorization for operating deficit subsidy.

Who is eligible?

• Cooperatives owning or managing eligible low-income housing projects
• Non-profit organizations owning or managing eligible low-income housing projects
• Housing offices (offices d’habitation) owning or managing eligible low-income housing projects

Who is not eligible

• Private for-profit companies not operating as a cooperative, non-profit organization, or housing office.
• Entities that do not own or manage eligible low-income housing projects (HLM) as defined by the program.

Eligible expenses

• The annual operating deficit of eligible low-income housing properties, calculated as the difference between operating revenues and operating expenses according to the regulatory framework in force.

Eligible geographic areas

• Quebec

• The program is authorized for the period ending December 31, 2026.
• An evaluation of the program will be submitted to the Secrétariat du Conseil du trésor by August 31, 2026.
• The Société d'habitation du Québec is responsible for maintaining operating agreements with involved organizations and municipalities throughout the duration of the program.