Thank you, Mr. Speaker. Mr. Speaker, because the government is paying for a large portion of these houses which are subsidized and the Housing Corporation pays for a major portion of that construction, that's the reason the Housing Corporation wants to ensure that they are in charge of the construction and the management, and doing the inspections on those units, because we do have an investment by way of the loans that are given in which, in most cases, they're subsidized through our different programs where we hold the majority of those mortgages. So because a large portion of the money that is loaned to the client is a subsidy, we have to take responsibility of that asset. Thank you.
David Krutko on Question 390-15(4): Homeowner Role In Housing Construction
In the Legislative Assembly on February 13th, 2006. See this statement in context.
Return To Question 390-15(4): Homeowner Role In Housing Construction
Question 390-15(4): Homeowner Role In Housing Construction
Item 6: Oral Questions
February 12th, 2006
Page 957
See context to find out what was said next.