Thank you, Mr. Speaker. I had the pleasure of informing delegates of this exciting new program and wanted to clarify also that the program was introduced to Members through a letter, an announcement the previous week, that I distributed to all Members.

This program is partly in response to a request by Cabinet to the Department of Resources, Wildlife and Economic Development and all other departments in trying to identify areas where we can stimulate the northern economy and to ensure that the workers we have in the communities stay here in the north and are able to buy homes here.

The secondary part which is just as important, I believe, is the fact that it has been proven that for every existing home that is sold, the economic spinoff is great and that it will, in the end, improve, in general, the economy of the Northwest Territories and provide ownership once and for all for a good number of our residents. Thank you, Mr. Speaker.