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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...

Your non-profit organization may be eligible for a grant of up to $2,500 to assist with costs associated with your festival or event. Call for applications will open on Monday, January 5 and close on Monday, March 2, 2026. New project submissions from an applicant in default on any reporting, project completion or financial obligation to Innovation PEI will not be reviewed until a resolution to the default is reached. Is our event eligible? Any activity that attracts residents and visitors and provides them with opportunities to experience Prince Edward Island’s culture may be eligible for...

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...