Thank you, Madam Chair. Madam Chair, with regard to the mandate one of the main components is that, as a corporation, we realize we have these declining dollars that are not going to be there. How do we replenish our cash flow to bring other cash in? One of the ways is to sell off our old housing stock and use those dollars and put them into more energy-efficient units like multi-plex units. So we'll sell three or four houses and we'll build multi-plex units, maybe eight or 10 units. That way we can continue to find that balance. I think we have to realize that you talk about nothing in the budget, but Fontana, it was in the Liberal red book and it was also a commitment they made at an aboriginal conference they had where they mentioned $1 billion for aboriginal housing, but in the budget they mention $275 million.
As Housing Ministers across Canada, we're having the same problem across the board because there's almost $2 billion of federal money that is in this social fund that's declining right across Canada. It's affecting some 650,000 homes across Canada. Those are dollars that are declining. So the $33 million that we're talking about declining, that's our operational money for our social houses. So we do have to find other initiatives. I mentioned earlier that we are developing a northern housing strategy to look at ways of how we can address the housing needs in the Northwest Territories, but also meeting our housing challenges to find unique ways to try to get these houses on the ground, develop a budget around it, do an estimation of what the cost is going to be, take that to Ottawa and say look, this is the problem we have, this is how many houses we're going to need. Also through our needs surveys and the information we've developed so far, there's a clear picture that we have to deal with this crisis. So the way we are approaching this is we are developing a northern housing strategy for the Northwest Territories along with our counterparts in Nunavut and the Yukon so that we can go there as a northern front to our First Ministers' meeting with the federal Ministers and also provincial Housing Ministers to look at how do we change. This program is no longer going to exist, so what do we put in place to replace that program? Thank you.