The Programme de PRêts Rotatifs IMMobiliers de Montréal (PRRIMM-Montréal) offers loans to cover pre-development costs for community housing construction projects in Montreal.
PRRIMM-Montréal is the result of a partnership in which each party plays a complementary role: the City of Montreal guarantees the loans and makes its land available, the Fonds Plancher provides the loan to finance pre-development activities, and the Centre administers the program.
Calendar
Launch webinar: June 19 at 10am (EST). Sign up.
Objectives
PRRIMM-Montréal aims to accelerate the construction of community housing on land owned by the City of Montreal.
It helps cover pre-project expenses, such as feasibility studies and the preparation of plans, through forgivable loans.
Loan amount
The maximum loan granted by the program is $250,000. It is granted at a preferential rate and for a term of up to 24 months.
Eligibility criteria
Eligible community organizations are:
- Non-profit housing organizations
- Housing cooperatives
- Solidarity cooperatives
Eligible projects are community housing construction projects on city Montreal.
Launche webinar
A webinar introducing the financing PRRIMM-Montréal program and how it works will be held on June 19th, 10am (EST).
This pilot program is being carried out in partnership with the City of Montreal and the Fonds Plancher.
Apply through the My Centre portal
Contact a program manager
