It is of great importance that the corporation place much more emphasis on re-evaluating the Public Housing Program to ensure that adequate housing is available to those most in need. The Standing Committee on Finance is currently exploring an alternative approach to fund the construction of new social housing and other housing programs in the Northwest Territories. The committee has retained Mr. Larry Grossman, the former Minister of Finance for the province of Ontario to develop a proposal to access immigrant investment funds for such projects. The committee will provide further information on this initiative during the next sitting of this Assembly.

During the review of the 1993-94 Capital Estimates for the Northwest Territories Housing Corporation, the committee noted several major issues and respectfully submits a list of four recommendations for the consideration of this Assembly. Mr. Speaker, that concludes our report.

Motion To Move Committee Report 4-12(3) To Committee Of The Whole

Therefore I move, seconded by the honourable Member for Inuvik, that the report of the Standing Committee on Finance be received and moved into the Committee of the Whole for consideration.