Thank you, Mr. Speaker. Mr. Speaker, I wish to speak about my latest thoughts on the work of the Housing Corporation. First of all, let me, Mr. Speaker, commend the Minister of Housing on the latest affordable housing initiative in which we'll see a $100 million investment and 50/50 percent cost share arrangement with the federal government that will see 530 new homes in the Territories, Mr. Speaker.
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It's also very good to see that the Housing Corporation is working with MACA and I can assure both Ministers that they will have my full support in this regard. Mr. Speaker, I also appreciate the corporation's work on new housing projects in Yellowknife for the seniors, persons with disabilities and the transition home for men with substance addictions issues, which will open in the next two weeks. People involved in these projects cannot say enough about the good work the corporation are doing on the ground, Mr. Speaker.
Thinking of all this good work by the corporation at the ground level, and I know the Minister is waiting to see
what my next part is, I cannot figure out why is it that the corporation cannot get their act together on the Novel housing, Mr. Speaker. After being told in this House that the Minister will come to this House for any new funding on this Novel project, I had to find out from the street and through the grapevine that in fact the corporation has appointed a new ADM solely responsible for Novel housing project and I have to call it that, although I don't want to use the name because all the information we are coming to is reporting to this product, Mr. Speaker. It made me wonder why don't we have an ADM solely responsible for affordable housing for seniors, for persons with disabilities, or trappers or hunters, or responsible for children, or even to tackle the violence against women. Why is it that a corporation that has their stocks listed in Toronto Stock Exchange deserve an ADM solely responsible for selling their product to the NWT government and residents within their corporation? I think that should make us think, Mr. Speaker.
The last question, which will be the first of many that I will be asking in this House, I'd like to know why is it that under the affordable housing policy, $100 million investment, $50 million from the GNWT, $50 million from the federal government, will give us 530 units, but under Novel project for $200 million it will cost us twice as much for 830 units. Thank you, Mr. Speaker.
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