Thank you, Mr. Chairman. The public housing core income thresholds are based on the market conditions and the market rents across the city. They vary between one-bedroom to two-bedroom, three-bedroom, four-bedroom and five-bedroom requirements. As the bedroom counts go up, the income for allowance into the public housing program goes up.
The Member is referring to a situation where a two-bedroom public housing unit has a maximum income of $43,000 and a minimum of $53,000 to get into EDAP. We recognize that is a problem as well. We have recently been given a new market rent for the city, dealing with our partners, CMHC, and we feel that that gap is almost closed. What we intend to do with the minimum core income threshold for EDAP is to lower that enough so that gap is completely closed for this coming fiscal year.