During the discussions on the main estimates for the NWT Housing Corporation, reference was made to Canada Mortgage and Housing Corporation being reluctant to finance projects in the Northwest Territories because of its reliance on a resource-based economy.

The Minister and his staff did state there has been some policy shifts that have made it easier for developers to be financed or guaranteed through CMHC programs. The Standing Committee on Social Programs would encourage the NWTHC to work with private developers interested in investing in the North to access any and all relevant CMHC programs.