Thank you, Mr. Chair. Mr. Chair, that does clarify this, but I am going to just repeat it again. So we have got a $100,000 house, it gets 48 per cent off, so it is down to $52,000. The $25,000 incentive is added, and the individual has to go to the bank for the other $27,000 if the 52 per cent that is remaining in the cost of the public housing unit is more than $25,000. If it is less, then it is okay; if it is more, then the option is available for the individual to pay cash, like going to the bank, paying cash because he has got the cash. Or am I still hearing that rent-to-purchase is still a possibility for that small portion that may be left? 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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