Montreal Mayor Soraya Martinez Ferrada says her administration is setting apart some cash to cowl the price of interest-free loans for tenants who’re struggling to pay their lease.
The transfer comes a couple of days earlier than July 1, when many renters transfer and begin new leases.
The mayor says the funds will enable some 150 households to entry as much as $5,000 in loans repayable over 5 years.
Town was unable to say precisely how a lot this system would price taxpayers.
The loans will probably be managed by Maison du Père, a non-profit group devoted to tackling homelessness within the metropolis.
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The group first ran this system as a pilot venture.
The non-profit additionally accompanies tenants, gives psychosocial help and runs emergency housing.
Martinez Ferrada says it’s essential to assist individuals earlier than they lose entry to housing to assist keep affordability and restrict tenant turnover.
She says the housing disaster is just not brought on by a scarcity of models however by an absence of affordability.
This report by The Canadian Press was first printed June 29, 2026.
© 2026 The Canadian Press