What are the parties promising on Affordable housing?

This is a page from the 2023 Prince Edward Island general election.

Affordable housing platforms

Here's what the 2023 PEI election parties are promising.

Support and finance establishment of new co-op housing complexes

"Provide support, mentorship, and financing to establish new co-operative housing complexes across the province by working with communities, non-profits, and regional development corporations so tenants have authority and input into the operation of their buildings" — peipc.ca, 2023-03-15

Give government a right-of-first-refusal on the sale of multi-unit buildings

"Establish a right of first refusal on the sale of multi-unit residential and commercial accommodations to ensure government has the first opportunity to buy housing." — peigreens.ca, 2023-03-09
Spend at least $100M over 4 years to convert existing buildings into public housing

"Commit at least $100 million over four years to buy existing residential and commercial accommodations and convert them into public housing." — peigreens.ca, 2023-03-09
Create a co-op registry to encourage more co-op housing

"Establish a co-op registry to bring together Islanders and encourage the creation of additional co-op housing, including student-led housing cooperatives." — peigreens.ca backgrounder, 2023-03-09
Consider creating a public developer to build public/non-profit housing

"Explore the creation of a public developer to build public and non-profit housing. This could be done in partnership with other Atlantic provinces." — peigreens.ca backgrounder, 2023-03-09
Require a percentage of new housing units to be affordable

"Inclusionary zoning is a planning tool that requires a certain number of new housing units to be affordable. We would work with municipalities to enact planning policies that promote more affordable units." — peigreens.ca backgrounder, 2023-03-20

Create a 10-year plan for providing accommodations to people living with mental illness without stable housing
Invest in 500 new, affordable seniors' housing units with assisted-living options

"Expand in public investments in 500 new, affordable seniors housing units that provide seniors with assisted living options." — Healthcare First: An Action Plan for Islanders, 2023-03-22
Expand low-cost financing to provide $150M of new incentives over 3 years to non-profits, co-ops, and developers building affordable housing
Create new grant/subsidy programmes to support non-profits and co-ops constructing and operating affordable housing

Require 25% of units in government-funded developments to be affordable for 25 years

"Require 25 for 25 for government-funded developments, meaning 25% of units are kept affordable for 25 years and developers are locked into this commitment." — NDP Platform 2023, 2023-03-09
Create 5K public affordable units, rented out and maintained by the province

"Invest to create 5,000 public affordable units to be rented out and maintained by the province, providing assured housing stock during hard times." — NDP Platform 2023, 2023-03-09
Increase support for municipal, co-op, and non-profit housing

"Increase support for municipal, co-op, community development and service organizations – groups that are selflessly providing housing for those in need." — NDP Platform 2023, 2023-03-09
Legislate a cost definition for housing affordability, at 25% of the average monthly income on minimum wage

"Legislate the cost definition of affordability using the a formula that is based on minimum wage income. Affordability is calculated at 25% of average monthly income on minimum wage." — NDP Platform 2023, 2023-03-09