Province announces rental support measures
Today, the Province of Prince Edward Island announced rental assistance for Islanders and commercial businesses impacted by COVID-19.
“Islanders are facing financial pressures and uncertainty like never before. Right now, more than ever, we have to find ways to support one another. The Province of Prince Edward Island will continue to listen and quickly respond to the needs of Islanders.”
- Premier Dennis King
Minister of Social Development and Housing, Ernie Hudson announced a $1,000,000 Temporary Rental Assistance Benefit to assist Island households that are currently renting and have seen an unexpected loss of income due to COVID-19. For more information, call 1-877-368-5770.
As well, Minister Hudson announced the Prince Edward Island Housing Corporation would be extending its moratorium on evictions to the end of June.
“Islanders have been laid off or have had their hours significantly reduced over the past few weeks and while a number of supports have been put in place, many have concerns as to how they will keep a roof over their head,” said Minister Hudson. “This benefit will provide immediate support and help Islanders maintain their sense of security and comfort during this difficult time.”
Minister of Economic Growth, Tourism and Culture, Matthew MacKay announced the new Commercial Lease Rent Deferral Program to support small and medium-sized businesses who have closed due to the impacts of COVID-19.
Landlords who defer rent payments from their commercial tenants for three months (May-July) could be eligible for financial assistance (up to a maximum of $50,000 per landlord and $15,000 per tenant) if the deferred rent can’t be recovered. Landlords can register for the Commercial Lease Rent Deferral Program by contacting Finance PEI at email@example.com by April 15.
“We know that the last few weeks have been incredibly challenging for Island businesses and we want to ensure that they can get through this time as best as possible,” said Minister MacKay. “The Province of Prince Edward Island will continue to work with Island businesses to ensure that no one is left behind.”
Executive Director, Communications and Public Affairs
Office of the Premier