The federal government has pledged millions towards assisting the province’s affordable housing tenants
A new wide-ranging federal investment will support thousands of low-income households in Prince Edward Island.
The Canadian government, in cooperation with the Canadian Mortgage and Housing Corporation and the Prince Edward Island Housing Corporation, will be providing $40.7 million in funding through the Canada-Prince Edward Island Housing Benefit (CA-PEI HB).
“In addition, the CA-PEI HB is intended to address rental instability among certain target groups such as identifying women and children experiencing or at risk of domestic violence, seniors, Indigenous peoples, peoples with disabilities, those dealing with mental health and addiction issues, homeless individuals and those at risk of homelessness, racialized communities, veterans, young adults, among others,” the CMHC said.
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In conjunction with added supply, the tranche is expected to provide affordability assistance to approximately 2,200 PEI households.
“Reducing the core housing need is a commitment of this government,” said Brad Trivers, minister of Social Development and Housing and minister responsible for the Prince Edward Island Housing Corporation. “It is critical that we continue to look for ways to support Islanders needing housing assistance or help maintaining housing stability.”
