Amount:$55,000 Type of Program:Loan Description:The Affordable Housing Development Program (AHDP) supports the construction of affordable residential units to increase the availability of rental units for those in core housing need. Comments on Funding:Funding is in the form of forgivable loans of $55,000 per unit.Loan forgiveness period will be negotiated upon approval of the project but…
Amount:No Fixed Amount Type of Program:Loan Description:The Multi-Unit Residential Loan Program provides loans to property developers which will assist in the construction of multi-unit residential developments on PEI. A multi-unit development consists of 2 or more units.Comments on Funding:Funding will be up to a maximum of $4M, with up to a maximum of 90% loan…
Amount:$10,000.00 Type of Program:Grants Description:The Affordable Housing Incentive program provides funding to stimulate below market, affordable and accessible housing options in the City of Miramichi. Comments on Funding:Funding is up to $10,000.00 per qualified rental unit. When It Ends:Ongoing Deadline:Rolling deadlineEligibility:Applicants must: be not-for-profit Housing Providers or Private Sector Developers, have a registered ownership interest…
Amount:$10,000.00 Type of Program:Grants Description:The Downtown Housing Incentive Program provides funding to attract and retain downtown residents by incentivizing the creation of new housing in the Business Improvement Areas. Comments on Funding:Funding is up to $10,000.00 per qualified dwelling unit. When It Ends:Ongoing Deadline:Rolling deadlineEligibility:The applicant must have a registered ownership interest in the property…
Amount:No Fixed Amount Type of Program:Loan Description:The Rooming House Residential Rehabilitation Assistance Program (RRAP) provides financial assistance to owners/landlords for mandatory repairs to rooming houses with bed units that are affordable to low income occupants.Comments on Funding:Funding is in the form of a forgivable loan. The funding amount is based on the cost of the…
