PEI

P.E.I. government offers money to developers for affordable housing projects

The P.E.I. government has announced more affordable housing projects for the province.

24 new units to be built in western P.E.I.

The province is investing $540,000 for three companies to build 12 affordable apartment units in O'Leary and 12 in Alberton. (Shutterstock)

The P.E.I. government has announced more affordable housing projects for the province.

It is investing $540,000 through its housing action plan for the private development of three affordable housing projects for seniors and families in O'Leary and Alberton, according to a news release.

G.E.M. Apartments Ltd. will construct 12 affordable apartment units in Alberton — eight for seniors and four for families — with $270,000 from the province.  

'If they can't afford low-income housing here, they are going to move to Summerside or wherever they can find a spot and we don't want that,' says Alberton Mayor David Gordon. (Jessica Doria-Brown/CBC)

JC HandyMan Sales & Service Inc. will construct six affordable apartment units for families in O'Leary with $135,000 from the province.

EZL will construct six affordable apartment units for seniors in O'Leary with $135,000 from the province.

The money will be used as construction and operating grants for the developers as incentives to create the affordable units.

'No vacancies'

At the government announcement Friday in O'Leary, developer Stuart MacDonald said the affordable units are desperately needed in the town.

"We field calls from people all the time wondering if there's any vacancies, and we haven't had a vacancy at any of our properties in about seven years and any other landlords in the area can tell you the same thing," MacDonald said. 

"There's no vacancies in the town of O'Leary that I know of today."

Developer Stuart MacDonald says affordable housing units are desperately needed in O'Leary. (Jessica Doria-Brown/CBC)

The mayors of both Alberton and O'Leary say they have the same worry — that people will leave their communities because of a lack of housing. 

"We want to keep them here, if they can't afford low-income housing here, they are going to move to Summerside or wherever they can find a spot and we don't want that," said Alberton Mayor David Gordon. 

Annual operating grant

The province will also offer a 20-year affordable housing agreement and an annual operating grant to ensure the rent remains no greater than 25 per cent of a tenant's income.

Friday's housing announcement is the third this week by the government. On Wednesday, the province announced it was contributing $625,000 toward 25 new Habitat for Humanity homes.

On Thursday, it announced $414,000 for the private development of nine new affordable units for seniors and families in Summerside.

More P.E.I. news

With files from Jessica Doria-Brown

Comments

To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). Pseudonyms will no longer be permitted.

By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. Please note that CBC does not endorse the opinions expressed in comments. Comments on this story are moderated according to our Submission Guidelines. Comments are welcome while open. We reserve the right to close comments at any time.

now