Mr. Speaker, the number of new homes will depend on the required assistance by the clients. Some clients require more assistance than others depending on their income. I would explain it this way. We are now spending $40 million a year on housing, which we hope will be relatively stable over the next few years. That translates to $120 million over three years. I have received estimates any where from an additional $200 to $250 million that would be financed through the banks for new homes, approximately any where between 1600 to 1800 homes, compared to about 900 which would have otherwise been available. Thank you.
Goo Arlooktoo on Question 350-13(4): Plan 2000 - Public Housing Strategy
In the Legislative Assembly on February 20th, 1997. See this statement in context.
Further Return To Question 350-13(4): Plan 2000 - Public Housing Strategy
Question 350-13(4): Plan 2000 - Public Housing Strategy
Item 6: Oral Questions
February 19th, 1997
Page 737
Goo Arlooktoo Baffin South
See context to find out what was said next.