Community Housing Expansion Pilot
The term "community housing" is an umbrella term that refers to housing that is owned and operated by non-profit organizations and housing co-operatives.
Through the Community Housing Expansion Pilot, the Province of Prince Edward Island has partnered with three non-profit and co-operative housing organizations to support their capacity building, operation development, and creation of affordable housing units in the rental market through acquisition of existing units and construction of new units.
The three organizations are:
- Canadian Mental Health Association -- PEI Division
- Co-operative Housing Federation of Canada
- Kings Square Non-Profit Housing Corporation
Non-profit organizations and housing co-operatives were selected through a fair and competitive Expression of Interest (EOI) and subsequent invited Request for Proposals (RFP) process.
What type of activities are eligible?
Non-profit organizations and housing co-operatives selected through the fair and competitive Expression of Interest (EOI) will be provided Capacity Funding to enhance operational and board capacity for community housing partners with a focus on project development and management.
Once agreements are in place with successful EOI partners, the partner will have access to Pre-construction Funding to cover up to 100% of the costs of feasibility studies, business plans, engineering plans, and architectural drawings, and surveyor reports as well as Capital Grant Funding to build and/or acquire affordable housing units.
What type of housing acquisitions will be considered?
If a successful EOI partner wishes to purchase existing housing stock, acquisitions will be selected based on the following criteria:
- Minimum of 5 units in urban areas and 4 units in rural areas
- Not currently owned in full or in part by any level of government
- Not currently under operating agreement with Canada Mortgage and Housing Corporation (CMHC)
- Current tenants cannot be displaced
- Primarily residential with no permitted commercial use over 25% of the building's floor space