P.E.I. news: Province looks for company to build more housing [Video]

CHARLOTTETOWN –

The P.E.I. government says its plan to address the province’s housing shortage includes finding a company to manufacture modular homes on the Island.

The government announced Monday it is prepared to offer financial incentives to bidders willing to move quickly to fast track housing starts. Those incentives include the possible use of government land for a fabrication plant.

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“Modular construction presents an opportunity to quickly and efficiently create new housing stock,” Housing Minister Rob Lantz said in a statement. “We will continue to work with industry and across government to facilitate innovative approaches to housing solutions.”

Modular home manufacturers are being asked to submit proposals no later than June 6, and all bids must include a commitment to dedicate the majority of production to the local market for five years.

Under the terms of the government’s offer, a …