Mr Speaker, if I may use Mr. Picco's riding as an example, as I am sure he will appreciate. He has an organization that has a number of developers in that community both Inuit and non-Inuit developers who we have entered into leases to provide them with the appropriate safety net, if you want, with respect to bankers, to get the long term mortgages they require to build these buildings. Provided they can show that there is a need for the government to continue to provide that security to enable their mortgages to continue, we are prepared to continue to support them. Of course, if I can use another example, in my honourable colleague's riding there is a developer there that has a commitment from this government since 1968, over almost a 30 year commitment and we believe that there is no requirement for the security of the government with respect to mortgaging considering that we have been in those building for 30 years. That is all. It is not the intent to do otherwise. Thank you.
John Todd on Question 52-13(4): Concerns Regarding The Leasing/sale Of Housing In Iqaluit
In the Legislative Assembly on November 29th, 1996. See this statement in context.
Further Return To Question 52-13(4): Concerns Regarding The Leasing/sale Of Housing In Iqaluit
Question 52-13(4): Concerns Regarding The Leasing/sale Of Housing In Iqaluit
Item 6: Oral Questions
November 28th, 1996
Page 76
John Todd Keewatin Central
See context to find out what was said next.