Thank you, Madam Chair. Madam Chair, we have seen a major increase in the number of applications we've received from communities for the EDAP and it's definitely one of the ways we can get people out of social housing and into homeownership. Just in Yellowknife alone, we've assisted 120 clients and expended $9.6 million. I think that alone shows that the program is working and assisting people getting into homeownership here in Yellowknife. I think that in other communities we are working with the community organizations through local housing authority offices and our program officers who go into the communities and take the applications.
Again, it's one program we have, but I think we have to expand that program to assist people who are on low income to extend the mortgage period from 20 years to 25 years, so that they can bring down those costs. The problem we're running into is the whole area of being able to go to the bank and being able to access a mortgage. EDAP assists you in getting to the bank and once you get to the bank, you can acquire a loan. But I think what we're seeing is, because a lot of people either have a bad credit rating or basically have no long-term security by way of job security, the first thing they look at is they want to have some security on the mortgage that you get with the bank. A lot of people are having problems just trying to acquire that mortgage from the bank because, in most cases, it's their first mortgage and they don't really have a work history or they have a credit problem. A lot of people are being refused through this program. We have to work to take down some of those barriers to ensure this program is successful to more people than what we're seeing right now. Thank you.