The Government of PEI is creating three new programs to support landlords during the 2023 rental freeze. The Province is launching a Rental Unit Property Tax Subsidy to provide relief of provincial property taxes payable in 2023 which would decrease landlord property tax costs...
The Province is launching a new pilot program with that offers 2% financing along with property tax rebates for the construction of new rental housing. The Housing Development Challenge Pilot Program will support private developers, non-profits, and community-based service...
The Closing Cost Support Program assists Prince Edward Islanders of low and modest incomes with financial assistance to cover a portion of the closing costs on the purchase of their first home. Eligible applicants can apply to receive a contribution of up to $2,500 to support the closing costs of the purchase. Apply using the online form below. Am I eligible for closing cost assistance for my first house? For an applicant to be eligible for assistance, the following criteria must be met: At least one of the Applicants is a citizen or permanent resident of Canada and the Applicant is a resident...
Community and not-for-profit organizations, and private developers can build new rental properties with provincial financial assistance. The Housing Challenge Fund pilot has been renewed to help fast-track new housing stock across the Island. With a 10 year 2 per cent interest...
Various programs exist to incentivize the construction of housing units. Below is a list of programs eligible developers, non-profits, and community service organizations are encouraged to apply to. Creation of housing The Affordable Housing Development Program is open to non...
Island families and individuals unable to obtain or maintain adequate housing due to a low household income, poor housing conditions, or other special circumstances may be eligible for supported housing through the Family Housing Program. Eligible applicants may be approved for: Government-owned housing: Bachelor to four-bedroom units are equipped with essential appliances and utility services. Tenants must supply their own furniture and maintain tenant’s insurance coverage. Most families pay 25% of their household income for rent and cover the cost for heat and electricity, although...
Senior Island residents without adequate housing or having increasing difficulty maintaining their home due to low income, poor housing conditions, or other special circumstances that restricts their independence may be eligible for rental assistance through the Seniors Housing Program. Applicants age 60 years and over, or age 55 years and over if living with a disability, needing housing may be approved for: Government-owned housing: Bachelor, one-bedroom, and a limited number of two-bedroom units are equipped with essential appliances and some units are designed to accommodate persons with a...
Island families and individuals unable to obtain or maintain adequate housing due to a low household income, poor housing conditions, or other special circumstances may be eligible for family housing through the Family Housing Program. Eligible applicants may be approved for: Government-owned housing: Bachelor to four-bedroom units are equipped with essential appliances and utility services. Tenants must supply their own furniture and maintain tenant’s insurance coverage. Most families pay 25% of their household income for rent and cover the cost for heat and electricity, although adjustments...
The Survivors of Gender-Based Violence Housing Benefit is a direct-to-household benefit that will provide financial assistance to support qualifying individuals who are escaping abusive situations by helping to cover their monthly housing expenses, such as rent, mortgage payments...
Annual Report for the PEI Housing Corporation for the 2022-2023 fiscal year.