THE FEDERAL GOVERNMENT ANNOUNCES MORE THAN $64 MILLION FOR THE CONSTRUCTION OF 170 RENTAL UNITS IN LONGUEUIL [Yahoo! Finance]
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Cabot Corporation (CBT)
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Source: Yahoo! Finance
This is the first phase of Le Louis-Alexandre, a mixed multi-residential project. Funding is provided as fully repayable, low-interest loans through the Apartment Construction Loan Program (ACLP). The announcement was made on the site of the Le Louis-Alexandre project in Longueuil by the Honourable Pablo Rodriguez, Minister of Transport and Quebec Lieutenant, on behalf of the Honourable Sean Fraser, Minister of Housing, Infrastructure and Communities, and by Sherry Romanado , Parliamentary Secretary to the President of the King's Privy Council for Canada and Minister of Emergency Preparedness and Member of Parliament for Longueuil–Charles-LeMoyne. Le Louis-Alexandre is located on René Street, close to all amenities and served by many public transit routes. The ACLP stimulates rental housing construction by providing builders and developers with low-cost repayable loans. The program is helping to build more than 131,000 apartments across Canada Quotes: "Investing in affordabl
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