Thank you, Madam Chair. Certainly, under our three-year action plan that we agreed to with the federal government, it is to protect our assets, the longevity of our assets. That's why we're putting a lot of effort into maintaining our existing stock, improving it. We do have an aging inventory as everybody's well aware. Some are 30, 40 years old. We do have a methodology on how we develop our capital plan. Maybe I could go through that. It's short.

We have an annual infrastructure deficit of $40 million in housing in the NWT. The Housing Corporation must utilize evidenced-based methodology to prioritize allocation of the base available capital funding that will average approximately $15 million a year. Our capital planning process generally focuses on replacing public housing stock that is older than 40 years of age and prioritizing major repair, modernization and improvement projects for units having a condition rating of less than 60 percent. In some cases, where you don't see investment in the communities, the fact remaining is: these communities, these units are in good shape. They're above the 60 percent, some are 80 to 90 percent. They are in good shape because we have, over the years, through our capital planning process, have been improving the condition of these units on the ground. Thank you, Madam Chair.