29.4. A corporation may own immovables for the purposes of a land reserve.
A corporation may also own immovables for housing purposes and it may
(1) lease the immovables;
(2) equip the immovables and install public services therein;
(3) demolish, move or restore any construction erected on the immovables;
(4) erect a construction on the immovables.
The corporation may also alienate an immovable contemplated in this section and, in such a case, the price of alienation must be sufficient to cover any cost incurred in respect of it. Notwithstanding any inconsistent provision, the corporation may, however, alienate the immovable for a lesser amount or gratuitously in favour of the Government, any of its ministers or bodies, a regional county municipality, a school board, its municipal housing bureau or any other non-profit agency.