Mr. Speaker, we do have programs through the Housing Corporation, such as the EDAP program or the IHP program. They are programs to assist from social housing into homeownership. What we have done is amortized this over 25 years. So by extending it by an extra five years, it brings down your mortgage costs and will make it more affordable for clients. We are working with clients in communities to ensure that they make that transition. I think because of lifting the moratorium, we are working with clients in all the different communities and counselling them to see if they are interested in getting into these programs. So we are working with existing programs and we have programs in place to assist people getting into homeownership. We want to get people in social housing who are paying high rents to get them into homeownership and this is one of the ways we can do that.
David Krutko on Question 481-15(3): Alternative Housing Options
In the Legislative Assembly on February 24th, 2005. See this statement in context.
Further Return To Question 481-15(3): Alternative Housing Options
Question 481-15(3): Alternative Housing Options
Item 7: Oral Questions
February 23rd, 2005
Page 1538
See context to find out what was said next.