UTILE offers new housing that is cheaper than residential rental market prices and develops living environments adapted to the needs of the student population. As it is excluded from the main public housing programs, the organization is setting up innovative financing methods.
UTILE rents complete apartments for 12 months. The leases include some basic services. The refrigerator and stove are provided to tenants. UTILE thus offers a balance between autonomy and support for tenants who sometimes are moving for the first time in their lives.
Each building includes common areas to allow people to meet and interact. UTILE supports its tenants in facilitating community life.
For every dollar invested by a partner, UTILE commits to raising an additional $9 in order to maximize its social impact. Thus, the organization is able to do more projects and accommodate more people. This model creates a multiplier effect and supports the self-financing of projects.
As UTILE is a non-profit organization, its rents are protected from the logic of real estate speculation and their affordability is guaranteed in the long term.
Support accessibility to higher education by providing housing conducive to studies.
Increase the supply of affordable housing in urban areas.
Energize communities through the social and economic contribution of the student population.
Densify while respecting the principles of sustainable development.
Support interregional mobility for students in Quebec.
Ease the rental market in neighbourhoods and cities with a high student concentration.
Free up larger dwellings for families that are currently occupied by multiple students living together.
Revitalize rental stock through the construction of new housing.
Slow down and prevent real estate speculation by betting on non-profit real estate.
Contribute to the attractiveness of Quebec educational institutions internationally.