The initiatives that I pointed out before were designed to deal with some of the declining funding to date; more specifically, the replacement rather than adding to the public housing stock. The Member is correct; we’ve cumulatively lost $5.8 million in CMHC funding in the past 10 years. This year alone is $676,000. We have a huge challenge facing us and we’re doing, as a corporation, what we can to try to deal with some of the challenges and that one of the messages that I’ve been, I wouldn’t say preaching, but across the Northwest Territories in all the meetings I’ve gone to with the public, is the importance of dealing with public housing arrears. Again, that $23 million will go a long way in helping us deal with some of the deficit and it will go a long way to being able to invest some of that $23 million back into the public housing stock. This is one where I think all of the NWT Housing Corporation tenants and clients are going to have to step up to the plate and realize that we are facing a huge challenge and that we’re going to have to make some hard decisions very soon.
Robert C. McLeod on Question 263-16(5): NWTHC Plan To Address CMHC Declining Fund
In the Legislative Assembly on October 26th, 2010. See this statement in context.
Question 263-16(5): NWTHC Plan To Address CMHC Declining Fund
Oral Questions
October 25th, 2010
Inuvik Twin Lakes
See context to find out what was said next.