Thank you, Mr. Chairman. Our approach in the past with this program is that we looked at the overall cost of buying out all the clients and it was $3 million. I directed the department and the department does have a person working on this just about full-time now to develop a paper that we could negotiate with, with CMHC. CMHC has turned us down once already and what we are doing now is developing a paper to see if CMHC would be interesting in forgiving the interest if the capital was paid off on some of the clients. Some are all paid off already or just about paid off and a lot of them have paid the capital costs back. It's just the interest that seems to be accumulating. Once that paper is put forward, I'll get Cabinet support to do it and then negotiate with CMHC to see if they will do that. Thank you.
Don Morin on Bill 1: Appropriation Act, No. 2, 1995-96Committee Report 4-12(7): Report On The Review Of The 1995-96 Main Estimates
In the Legislative Assembly on April 3rd, 1995. See this statement in context.
Bill 1: Appropriation Act, No. 2, 1995-96Committee Report 4-12(7): Report On The Review Of The 1995-96 Main Estimates
Item 19: Consideration In Committee Of The Whole Of Bills And Other Matters
April 2nd, 1995
Page 791
Don Morin Tu Nedhe
See context to find out what was said next.