Thank you, Mr. Chair. Certainly, we know there is a huge demand for land in Hay River. We have been working closely with the municipal government. They expressed their desire to expand and create some new lots because land will be an issue. If the people have to vacate the high-rise, we will have to need land to build new units.

As working with private developers, we are aware of a private developer in Hay River who has been working closely with CMHC to do a development in Hay River. I think it is about 30 units. That is very encouraging to see the private sector stepping in to help out. We hope to see more of that with the Co-Investment Fund. The rules have changed or will change once we get this new fund in place in dealing with the private sector on housing investments. Thank you, Mr. Chair.