P.E.I.'s affordable housing program is underperforming significantly

Prince Edward Island's Affordable Housing Development Program is not meeting its goals, according to the Auditor General's report. The program has failed to significantly increase the number of affordable rental units, with only 69 of 261 planned units completed. The report highlights issues in program management and a lack of timely project completions, which affects housing availability and costs. The government measured success by approved projects rather than completed ones, limiting the program's effectiveness. The Auditor General recommended better record-keeping and collaboration with developers to address these issues. The province has accepted all five recommendations and plans to enhance its reporting on the housing program.