Community Partners & Private Developers

Stock image of volunteers with hands together at construction site

Partnerships

Financing supports are available to community housing providers (NGOs) to build new affordable housing and renew existing housing inventory across Prince Edward Island.

Government wants to hear about ideas and concepts for new developments from potential HOUSING PARTNERS that will provide long term housing solutions for Islanders.

Private Developers

Government is working to cut RED TAPE and provide financing SUPPORTS to developers to ensure that all Islanders have an affordable place to call HOME that meets their needs.

Available Funding

Funding Program Name

Partner
Affordable Housing Development Program provides forgivable loans of $45,000 per unit to non-profit corporations, private sector, development corporations, housing cooperatives or municipalities to increase the number of affordable housing options. Social Development and Housing
Affordable Housing Loan Program provides a flexible financing for residential property developers to include affordable rental units in new multi-unit residential housing developments, or in existing properties being renovated. Finance PEI
Community Housing Fund provides financial support for capacity building, professional services and construction to support the development of sustainable affordable housing in PEI. CMHA
SEED Funding Program provides for interest-free loans and non-repayable contributions. CMHC*
Co-Investment Fund provides low-cost loans and/or financial contributions to support and construct mixed-income, mixed-tenure, mixed-use affordable housing. CMHC*
Rental Construction Financing provides low-cost loans to encourage construction of sustainable rental housing where the need is demonstrated. CMHC*

Connect

To discuss solutions and partnership opportunities or to ask about a submission, contact:

Department of Social Development and Housing
902-620-3777
housing@gov.pe.ca

Collaborative Partners

Canadian Mental Health Association logoPEI Habitat for Humanity logoSalvation Army logoLogo of Blooming HouseLogo of CLIA
 

Community Housing Projects

Community Partner Investment Purpose
Salvation Army Bedford MacDonald House $355,500 Annual grant to operate the shelter for man as well as the temporary shelter phone line
Blooming House Emergency Shelter for Women (pilot project) $85,300 Seed funding for start-up and staff
Canadian Mental Health Association, PEI Division $3 million Community Housing Fund
Habitat for Humanity PEI $625,000 25 homes
Health PEI and Canadian Mental Health Association, PEI Division $1.3 million 10 units of transitional housing
Community Legal Information Association $78,000 A new tenant support worker helps tenants with rental concerns, links to housing supports as well as navigating the complaint process.

* The Government of Canada, through Canada Mortgage and Housing Corporation (CMHC), works with its provincial and territorial partners by providing funding to reduce the number of Canadians in need by improving access to affordable, sound and suitable housing. There are several new programs available to support new housing development and renovations.