Thank you, Mr. Chairman. We are going to proceed similar to the first phase, which will include the BIP for the setup and also the site work such as septic tanks, fuel tanks, local labour and also try to keep that portion of the project because last time it is was about 50 percent of the project, which was kept here in the North. Again, we are looking at redesigning these units. After we did our interviews with tenants and clients on what people are looking for, it seemed like this time around most people are looking for one-bedroom setups or have a combination of a duplex structure. Also we are trying to look at reduced costs and one of the ways we're looking at that is by having these duplexes that will cut the transportation in half where you don't have to haul two trailers now, you'll be able to haul them in one configuration. Also with our site development costs, we won't have to develop two sites for two units. We'll be able to put them all on one site. So we have cut our costs almost 50 percent from phase one with regard to that, but also by doing this, we'll also decrease the costs with regard to our utility costs, which will cost less to the tenant to operate. Again, we can deliver these things 38 percent below the original cost. So we can take it from $1,300 to $1,500 to $951 a month, which includes utilities, which is affordable.
Also, one of the things that we're looking at is we resigned the capital costs over from 20 years to 25 years so that you can spread out that cost over a longer time, which again will drop that payment about $90 a month. So we're doing these different things to bring our costs down. With these changes, I feel it's definitely an improvement from last time and also it has met the objective for affordable housing in communities and also being able to be accessible to our tenants. Thank you.