I would just like to clarify the Member's numbers. There is no $290 million. We are talking about $90 million from the Government of the Northwest Territories, $90 million from the federal government and being able to sell out a portion of those units to generate $230 million. I don't know where the $290 million number comes from that the Member is throwing around. Again, it will have to be worked out by way of planning and good planning in order for us to be able to deliver this. The cost to the Government of the Northwest Territories is $90 million, which will be matched by the federal government. We will not take these units on until after the project has been completed. At that point, we will then take ownership of those units once we have negotiated a price that we feel that we want to be able to afford. The issue that has to be realized here is the question of affordability. For us and CMHC, we are able to deliver houses to people at a low cost which is affordable and also that we are able to have people move into these homes who can't afford to pay the mortgage. The way it sits now, no one can afford a $300,000 modular home that is being sold in the Northwest Territories, but they can afford a $100,000 home which will be sold out of this proposal, so economically viable to the individuals who are going to move in there. Thank you.
David Krutko on Item 17: Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on February 6th, 2006. See this statement in context.
Introduction
Item 17: Consideration In Committee Of The Whole Of Bills And Other Matters
Item 17: Consideration In Committee Of The Whole Of Bills And Other Matters
February 5th, 2006
Page 782
See context to find out what was said next.