Montreal archdiocese launches real estate arm aimed at maximizing social impact

News Room
By News Room 6 Min Read

MONTREAL – As Montreal grapples with growing homelessness, the Catholic archdiocese in the city is forming a new real estate arm that it says will help ensure any redevelopment of church properties addresses “pressing community needs.”

The creation of the Roman Catholic Real Estate Corp. of Montreal, announced Thursday, is the first non-profit subsidiary created by a Catholic archdiocese “to leverage real estate development as a tool for community benefit” and heritage preservation, the church says in a news release.

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