Thank you, Mr. Speaker. And, you know, I wanted to touch a little bit on the declining of the CMHC funding. You know, it's going to be quite alarming for the Northwest Territories. And initially, we had an agreement with the Northwest Territories Social Housing Agreement with the federal government. At that time we were given 21.2 million. And since the end of 2020 and 2021, we've seen a decline of 7.8 million. And right now, we are housed at 13.4, which is enough to operate and maintain 650 public housing units throughout the Northwest Territories.
This is quite concerning to me as a Housing Minister, and I've asked the department to provide me with some information on how we are going to be looking at that declining of the CMHC funding and how are we going to be working to offset those costs.
Right now, we are constructing multifamily dwellings, looking at 9-plexes, 4-plexes throughout the Northwest Territories and also looking at the energy savings for these houses for long-term utilities and looking at that, I guess those savings costs.
And also getting into market housing units. We have entered into an agreement with the RCMP as well to look at 45 housing market units throughout the Northwest Territories annually over 50 years. With that agreement, we should be receiving 1.8 million over the next 50 years. Thank you, Mr. Speaker.