$24.5 Million and Zero Units: Where Did Montreal's Affordable Housing Money Go?

In recent developments, Montreal's grand vision of "affordable housing" seems to be hitting a few speed bumps. Developers seem to be avoiding the mandate to include social and affordable housing units in new projects, opting instead to write checks to the city, perhaps as a little "thanks for playing" gesture. What's the city's response? A whole lot of nothing. The crux of the matter? Cities are collecting hefty sums from these fines but failing to translate this into tangible housing projects. Take, for instance, Montreal's failure to produce a single social housing unit despite collecting over $24.5 million in fines. It almost feels like a sitcom episode where one character promises something big, collects funds for it, but never delivers. Meanwhile, the city's official response appears to be a classic mix of bureaucratic foot-dragging and vague commitments to "reimagine and rethink" affordable housing. All the while, the actual problem of skyrocketing rents and a looming affordability crisis is just a footnote. So, the million-dollar (or should we say, 24.5 million dollar) question remains: Where is all the money going?

#AffordableHousingMyth #CityPromises #ShowMeTheHouses

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