Thank you, Mr. Chairman. Mr. Chairman, just so I understand this clearly, there is no requirement for an individual buying a public housing unit to go to the bank to borrow their share, that their share can actually now be a rent-to-purchase, so the Housing Corporation will come along, say you are a good tenant; you paid rent for the last 20 years without missing rent payments. We are going to sell this house to you. First thing we are going to do is we are going to reduce the cost of the house by 48 per cent. The second thing we are going to do is we are going to take the 52 per cent and we are going to make you rent-to-own, so a portion of your rent payments will go to the purchase of that unit or, in other words, the 52 per cent. Is that correct? Thank you, Mr. Chair.
Tom Beaulieu on Committee Motion 60-18(2): Tabled Document 261-18(2): Main Estimates 2017-2018, NWT Housing Corporation, Deferral Of Finance And Infrastructure Services Activity, Carried
In the Legislative Assembly on February 22nd, 2017. See this statement in context.
Committee Motion 60-18(2): Tabled Document 261-18(2): Main Estimates 2017-2018, NWT Housing Corporation, Deferral Of Finance And Infrastructure Services Activity, Carried
Consideration in Committee of the Whole of Bills and Other Matters
February 22nd, 2017
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