Thank you, Mr. Speaker. Mr. Speaker, the Members have to realize we have a major housing crisis in the North and we do have problems of replacing older units. Without having a major capital investment in housing, replacing older units...Yes, we have to admit we have units that are 30 years old in a lot of our communities. In order to make a difference, we have to be able to have a major change of how we do business. We cannot continue to spend in excess of $100 million here in housing. We have to do some major...find new initiatives to do this.

Mr. Speaker, the way that we've calculated the rates, the majority of those dollars that are collected in the rent goes back into the operation of those units in those communities. In order to make a difference, we have to have the tools to do that. That's why through the proposal put forth for the 500 houses over the next three years, and the Novel concept of 1,400 houses over the next number of years, it will make a difference. But in order to really change how we deliver housing in the Northwest Territories, deal with the social challenges we face, we have to be able to make a major capital investment in this area. Those dollars we do collect through rents are left in the communities to operate those units in those communities. That's where the money stays. In order to make a difference, we have to bring down the high cost of operating these units, which are not as energy efficient. Thank you.