Thank you, Mr. Speaker. The Housing Corporation has had this funding decline on the radar with both the GNWT and conversations with Canada, and has continuously engaged on this issue since the declining began in 2003. There have been some contributions from the GNWT but those have not countered the full impact of the declining funding.

The Housing Corporation has also developed some mitigation measures that are set out in the Housing Corporation's business plan and main estimates. The conversations continue as part of both the federal engagement and the internal process for the annual business planning cycle. Thank you, Mr. Speaker.