PEI | Residential Unit Development Incentive (RUDI) for multi-unit residential buildings
“Prince Edward Island”
The funder does not disclose this information
Maximum Eligible Amount
Tax Credit
Fund Type
The Residential Unit Development Incentive (RUDI) for Multi-Unit Residential Buildings announced by the Province of Prince Edward Island will provide financial support to encourage the development of newly constructed rental units by providing a diminishing property tax rebate for a period of up to five (5) years. Developers will receive the following tax rebates through this initiative:
- 100% rebate on provincial property tax in year 1
- 80% rebate on provincial property tax in year 2
- 60% rebate on provincial property tax in year 3
- 40% rebate on provincial property tax in year 4
- 20% rebate on provincial property tax in year 5
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