Prince Edward County Mayor Steve Ferguson says he is extremely disappointed that the County has been denied federal funding to support affordable housing.
The County applied for $14.2 million through the Accelerator Housing Fund last year after council approved the Prince Edward County Housing Plan 2023 to 2028 in May.
The municipality applied for funding to support a variety of needs including the redevelopment of Queen Elizabeth School, extension of the secondary suite program, and investment in transitional and worker housing.
Mayor Ferguson says he is dismayed that their strong application did not garner the support of the Canada Mortgage and Housing Corporation and, after waiting seven months to find out they’ve been denied, notes it will cause delays in moving several projects forward.
He calls the lack of funding for affordable housing from upper levels of government, especially for rural communities, troubling.
Municipal staff are currently evaluating the impact of the CMHC decision and will present a report at the April 11 Committee of the Whole meeting that will include potential solutions for moving ahead with the redevelopment of Queen Elizabeth School.
