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.
Funding Program Name
|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|
|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*|
Contact us to discuss solutions and opportunities for partnership
Community Housing Liaison
* 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.