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On June 17, 2025, the governments of Canada and Quebec, in partnership with Desjardins, announced plans to construct 1,000 affordable housing units across 14 regions of Quebec over the next three years under the expanded Desjardins Affordable Housing Initiative.
Funding Model and Financial Structure
These 1,000 units are backed by nearly $184 million in funding: federal support comes from the Canada–Quebec Housing Accelerator Fund (HAF), and provincial support follows Québec’s $900 million allocation announced in its fall 2023 economic update. Desjardins is contributing close to $50 million in mortgage financing or innovative “patient capital” to community developers, particularly co-operatives, non‑profits and municipal partners, through its extensive network of caisses and business centres.
Delivery Progress and Regional Reach
As of May 31, 2025, nine buildings (totalling 1,198 units) have been completed and occupied, with an additional 908 units under construction. Locations span urban and rural communities across 14 administrative regions in Quebec, highlighting a provincially balanced rollout.
Multi-Year Commitment and Longevity
Launched in 2022 with an initial target of 1,000 units by the end of 2025, the first phase of the initiative exceeded expectations, prompting a second agreement in 2025 with both the federal and provincial governments. The current momentum is expected to generate over 3,000 units by 2028, each secured under affordability agreements for a minimum of 35 years.
Context Within Broader Housing Strategy
Quebec manages federal funds through a bilateral agreement distinct from the National Housing Strategy, enabling full provincial control over program implementation. This initiative complements larger efforts to increase multi-unit rental supply: nationwide, in the first three quarters of 2024, CMHC insured 26% more multi-unit residential units compared to the same period in 2023.
Local Implementation and Long-Term Outcomes
Although the initiative spans 14 administrative regions, only select projects have detailed public information at the municipal level. Some communities—such as Alma, Gaspé, Lévis, and Trois-Rivières—have released specifics on project size, location, and target populations. However, a full province-wide picture of where units are being built, and who they are intended to serve, is not yet available. Additional details on site distribution, tenant profiles, and income thresholds would help clarify how the initiative is addressing local housing needs across diverse communities.
Looking ahead, stronger coordination with municipal land use policies and zoning frameworks will be important for expanding the model. Some smaller municipalities, including Gaspé and Sainte-Thérèse, have already contributed land or streamlined permitting to support similar developments. Closer alignment between federal, provincial, and local planning could improve delivery timelines and cost efficiency, while offering a structure that may be replicated in other regions.
This joint venture leverages combined funding sources with cooperative financing and delivery infrastructure to accelerate affordable housing supply. Its early output across multiple regions and long-term affordability framework could indicate a credible, scalable model for addressing housing access challenges in Quebec.
