Mr. Speaker, the Minister may know that it has been extremely difficult for private entrepreneurs and development corporations in the Baffin region to finance staff housing projects with the banks or with other financial institutions, even with the guarantee of long-term government leases. Now the Minister is saying that without that government guarantee of long-term leases, the Minister believes the private sector will step in and finance, take that risk, and build houses to rent directly to tenants. Has the Department of Personnel taken the time to consult with established contractors or native development corporations in the Baffin region to see whether any of those people would be prepared to take the risk of building houses on speculation for direct rental to government employees without the security of a long-term government lease?
Dennis Patterson on Question 414-12(3): Staff Housing Shortage In Remote Communities
In the Legislative Assembly on March 4th, 1993. See this statement in context.
Supplementary To Question 414-12(3): Staff Housing Shortage In Remote Communities
Question 414-12(3): Staff Housing Shortage In Remote Communities
Item 5: Oral Questions
March 3rd, 1993
Page 728
Dennis Patterson Iqaluit
See context to find out what was said next.