Thank you, Mr. Chairman. I do not want to go on with the debate. There are just one or two other issues that I think are important also.
One of the areas I think, I am a strong regionalist, as most people know, and I think that the Housing Corporation, in an effort to improve its efficiency, particularly at these levels, have to give more authority.
I have talked about this in economic development, and in my opinion, it is no different in the Housing Corporation. You cannot have project managers supervising million dollar jobs, having $1500, or $5000, spending authority. They simply cannot effectively manage the projects, and I can tell you through talking from experience, I know this, and I know it well. You have to give serious consideration to improving the spending authority, if you want, and I think ultimately that will increase your efficiency, because decisions are made in the area where they are most knowledgeable, in my opinion.
On the ultimate sources of funding, I am not sure if this is going to get me in hot water or not but there is a $20 million shortfall right now, and we are sitting with $125 million in the W.C.B. It may be appropriate that you talk to the Minister of the W.C.B., and see if you can convince him to give you $20 million. After all, most of that money was contributed by northern business. I think that sometimes we look so far, yet if we look a little nearer, we, in fact, may find a solution to our problem. Maybe with some guarantees, the Board of Directors for the W.C.B. may be prepared to lend money to the Housing Corporation to build the 253 units that appear to be short.
So that is just one little, in my opinion, area that I think, with some creative thinking, we could possibly do that. Let me say, at the risk of sounding benevolent, I personally have been a strong antagonist of the Housing Corporation for years, prior to being elected as an M.L.A. I am pleased with the current leadership, both in terms of yourselves politically, and the steps you have taken to provide direction and instruction to the staff. I am also pleased with the fact that Mr. Elkin is now the President of the N.W.T. Housing Corporation. That way maybe we will get some sense of fairness and some sense of stability into that operation so it can move forward and do the job it is supposed to do. To provide houses to people in an economic and cost effective way, and at the same time ensure there is maximum benefits derived from objectivity to northerners.
In my opinion, that simply has not happened in the past to the degree in which it should have. Thank you.