New affordable housing in western PEI
Home Together - Affordable Housing for PEI
The province is investing $540,000 through the Housing Action Plan to stimulate the private development of 24 new affordable homes for seniors and families in western Prince Edward Island.
“We are pleased with this private developer partnership that will create affordable apartment units in O’Leary and Alberton as Islanders having access to appropriate and affordable housing is a foundation for stronger communities,” said Human and Family Services Minister Tina Mundy. “Finding a suitable place to live is a challenge facing modest-income Islanders across the province and by forging these housing partnerships with private developers we can be more responsive to the needs in our province.”
The provincial government is contributing construction and operating grants to three developers as incentive to create these affordable units. Additionally, the province will offer a 20-year affordable housing agreement and an annual operating grant to ensure that these units will remain affordable with tenants’ rent being no greater than 25 per cent of their income. The province expects that these buildings will exceed national standards for energy efficiency.
Summary of Projects:
- G.E.M. Apartments Ltd to construct 12 affordable apartment units in Alberton (eight for seniors & four for families) with $270,000 from the province;
- JC HandyMan Sales & Service Inc to construct six affordable apartment units in O’Leary (families) with $135,000 from the province;
- EZL to construct six affordable apartment units in O’Leary (seniors) with $135,000 from the province.
About PEI’s Housing Action Plan: 1,200 new affordable units are being created across PEI over the next 2 years and will expand the existing inventory of 1,600 provincial government-owned affordable units to meet a growing demand for affordable housing for both Island seniors and families. This is in addition to the over 700 rent supplement arrangements the province has with private landlords across the province.
To learn more visit: Home Together Affordable Housing for PEI.
Bobbi Jo Walker
Department of Family and Human Services