More help coming for home renovations
Investing in infrastructure -
Nearly 200 more Islanders than last year will get financial help with home renovations from the Prince Edward Island government.
Increased funding for the provincial government’s Home Renovation Program means everyone who applied this spring - and qualifies for grants through the program – will receive them. Boosting the number of Islanders receiving grants for home repairs and renovations was possible thanks to $17 million over two years set aside in the province’s balanced 2018-19 budget to increase and sustain affordable housing.
“This is great news for Island families and individuals that applied for funding to help them remain in their own homes in comfort and safety,” Family and Human Services Minster Tina Mundy said. “Government recognizes how important these grants are to Islanders, and that is why we invested an additional $1 million this year to increase the number of families who benefit to about 500 – up from 300 the previous year.”
Housing services is currently processing applications received this spring and is contacting Islanders to advise them of next steps.
The home renovation program provides Islanders with grants of up to $6,000 for major home renovations such as electrical, structural, heating, plumbing, and fire safety. It also offers up to $8,000 to individuals with a permanent disability for renovations that accommodate their disability.
To qualify, Islanders must have an annual household income of up to $35,000 and an assessed property value of $145,000 or less. Applications are prioritized based on income, and those with the lowest income receive funding first.
Funding is provided in partnership with the Government of Prince Edward Island and the Canada Mortgage and Housing Corporation, through the Agreement for Investment in Affordable Housing.