Record investment of almost 2 M$ for affordable student housing committed by CSU

MONTRÉAL, March 16, 2016 /CNW Telbec/ - The Concordia Student Union (CSU) is investing 1,85 M$ in a new private fund dedicated to affordable student housing, the Popular University Student Housing Fund (PUSH Fund). The invested sums originate from fee levies accumulated in the past years for major projects and aim in the short term to fund the construction of 100 to 150 rooms costing each less than 450$ a month. The Unité de travail pour l'implantation de logement étudiant (UTILE) is already at work on the development of the real estate project.

"Consulted through two referendums, Concordia's student population indicated with a very strong majority that student housing is a priority for our community," explains Terry Wilkings, General Coordinator of CSU. He adds that "the Concordia Student Union is proud to contribute 1,85 M$ to start meeting the needs of its members and of the student population in general, and is inviting other social investors and student unions to participate in this important project."

The Concordia Student Union is an umbrella organization that represents all 35,000 undergraduate students of Concordia University.

SOURCE Concordia Student Union

For further information or interview: Laurent Deslauriers, Press attaché, Mobile: [phone], poste 1, [email protected]