Thank you, Mr. Chair. I have a general question. It is referenced in the Minister’s opening remarks, the declining CMHC funding. The Minister and Members are well aware that this money is going down. Every year we’re having to put more and more of our own money into housing in order to maintain our stock, and continue to operate and maintain it.
I appreciate that the corporation has done a number of things in the last year to two years to try and bring costs down, to try and maintain as much stock as we have without it costing us too much more money. But I have yet to get from the Minister, from the corporation, a plan that will outline to me or make me feel comfortable that we know where we’re going as this money declines and should this money completely end in 2038.
I appreciate that the Minister is working very hard, along with other Ministers for Housing across the country, to try and get the federal government to reinstate some kind of a program, but I still think we need a contingency. We need a plan should, within the next year or so, we discover that no, the money is not going to be forthcoming. We cannot continue to every year add another million dollars to the Housing Corporation’s budget without seriously having some plan in place that people can look at and say, okay, fine, we are doing this this year and we’re doing that next year.
Where is the corporation at, relative to a concrete plan, long term, say a 10-year plan to deal with the declining CMHC funding? Thank you.