Funding announced for affordable housing units in Summerside

Egmont MP Bobby Morrissey, provincial Housing Minister Rob Lantz, and Summerside Mayor Dan Kutcher have announced $5 million in funding for Summerside through the Rapid Housing Initiative’s city stream. The investment is set to help create at least 24 new housing units. As part of its Investment Plan for the Major Cities Stream, the City of Summerside contributed the required lands and submitted one project for a total of approximately of 24 units of affordable housing for women and children at risk of homelessness The PEI Government is providing a 20-year forgivable loan in the amount of $2-million to support construction and a 20-year annual operating grant of $75,000 to support operational costs when the units open.