Thank you, Mr. Chairman. Our second resolution has to do with new sources of financing public housing. The Minister referred to his statement a couple of weeks ago, announcing that the federal government had severely cut back on their financing for social housing. I think we are all aware of how serious this situation is.

Currently the supply of public housing resources falls far short of the demand in the Northwest Territories. The committee believes there is a need to explore creative ways that we can raise financing. For example, the committee has taken the initiative to look into the possibilities of attracting offshore investment for badly needed public housing across the Northwest Territories. Other sources include expansion of the rent supplement program, and encouragement of the development of local housing markets.