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The Rent-to-Own Pilot Program gives Island residents with modest incomes who do not currently own a home the opportunity to “rent to own” an eligible home, up to a maximum value of $350,000 (including HST, if any). Eligible Islanders can submit applications to Finance PEI for the opportunity to take part in the Rent-to-Own Pilot Program. Eligibility For an applicant to be eligible for assistance, the following criteria must be met: Applicant does not currently own a home; Applicant will provide a formal written letter confirming that they have been declined by a recognized financial...