CMHC-PEI Three Year Action Plan (2026-2028)

The Province of Prince Edward Island, through the Prince Edward Island Housing Corporation (PEIHC), is continuing to foster its ten-year cost-matched funding agreement with the Canada Mortgage and Housing Corporation (CMHC) with joint affordable housing investments totaling $58.082 Million which started in 2019.

This Action Plan details the anticipated spending for 2026-2028, representing the period covered by the third required action plan. During the period of 2026-2028 year, there will be an investment of $13.812 million of federal funding and $12.241 cost-matched with provincial funding to support Islanders facing affordable housing challenges and to advance shared outcomes under the National Housing Strategy.

This Action Plan demonstrates how PEI will continue to utilize provincial and federal investments to provide timely access to affordable housing that meets the current and future needs of Islanders. PEI has been successful in achieving many of the targets and outcomes that were outlined in the original ten-year agreement under the National Housing Strategy. The 2026-2028 timeframe will represent a mix of federal and provincial investment to support the overall targets and outcomes as well as other PEI investments not claimed through the National Housing Strategy Agreement. This investment will include a mixture of maintaining existing supports and new investments that will help those facing ongoing housing challenges. Between 2026-2028, it is estimated that, in addition to people already accessing services through the social housing program, 1,968 households will be supported by federal funding and provincial cost-matching.