Private Developers

Government officials and local seniors at housing announcement in Summerside


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

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*

Approved Projects


Contact us to discuss solutions and opportunities for partnership

Wendi-James Poirier
Community Housing Liaison
Phone: 902-368-5636

* 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.