Form
Down Payment Assistance Program (DPAP) Application Form
Application Form for Finance PEI's Down Payment Assistance Program (DPAP) for Modest Income Households
Search
Visit News search to search all news
Displaying 1 - 10 of 28 records
Publication
Down Payment Assistance Program Fact Sheet
Guidelines for Finance PEI's Down Payment Assistance Program (DPAP) for Modest Income Households
Information
Down Payment Assistance Program
The Down Payment Assistance Program (DPAP) is a pilot program to assist qualified residents of Prince Edward Island, who have modest incomes, in purchasing a first home. How much financing is available under this program? Eligible applicants can apply to receive a conditionally...
Service
Apply Online for Down Payment Assistance – Modest Income Homeowner
Down payment assistance is available for modest-income homeowners who qualify for a default-insured mortgage to purchase their first home. Eligible applicants whose annual household income is $110,000 or less may apply to Finance PEI for a conditionally interest-free loan (maximum $17,500) for up to 5% of the purchase price of a program-eligible home. The loan is payable over ten years. Find detailed application and eligibility criteria at Down Payment Assistance Program. Applications will be accepted until March 31, 2031 or until funds authorized for this program are depleted. How do I apply...
Information
Energy Efficiency Loan Program - Solar Photovoltaic Equipment
The Energy Efficiency Loan Program for Solar Photovoltaic Equipment (EELP-SERP) will provide financing to qualifying Prince Edward Island home-owners, farms and businesses that are approved applicants under efficiencyPEI’s Solar Electric Rebate Program. This will assist with the...
Information
Rental Property Heating Program Loan
The Rental Property Heating Program (RPHP) will provide owners of an existing long-term residential rental property on Prince Edward Island, who are approved applicants, with financing to upgrade the current heating system of their residential rental property from fossil fuel to...
Information
Entrepreneur Loan Program
The Entrepreneur Loan Program is an initiative of the Province of Prince Edward Island designed to help make financing available for the purpose of: helping new businesses get started and established firms make improvements and expand; to improve access to loans that would not...
Service
Residential Home Heating Loan Program
The Residential Home Heating Loan Program (RHHP) will provide Prince Edward Island homeowners, who are approved applicants, with financing to upgrade the current heating system of their personal year-round residence to a cleaner, more efficient heat source while reducing their carbon footprint. The program will assist with the up-front costs associated with the purchase and installation (including electrical service upgrades) of program eligible energy efficient equipment, including: Air source heat pumps that are Northeast Energy Efficiency Partnerships Cold Climate Air-Source Heat Pump...
Service
Tariff Working Capital Assistance Program
A financing program has been developed to provide working capital financing to assist Prince Edward Island businesses impacted by the new export tariffs implemented by the United States of America (the “Tariffs”), ensuring they can maintain operations, preserve jobs, and invest in alternative supply chain strategies. This new loan program will assist qualifying companies to maintain normal business operations during these unprecedented times. How much financing is available under this program? Eligible applicants can apply to receive a working capital loan of up to $500,000 with a fixed...
Service
Subdivision Development Financing Program
The Subdivision Development Financing Program (SDFP) is a financing support pilot program that will help qualified developers offset infrastructure costs for long-term residential housing developments. This program will support projects funded through the Municipal Infrastructure Fund (MIF). How much financing is available under this program? The Subdivision Development Financing Program will provide qualified developers and landowners with access to 2% financing on up to 90% of eligible project costs associated with subdividing and developing vacant land into individual residential lots for...