Thank you Madam Chair. We're very fortunate that we got the funding received through MFB. That $5 million a year or $15 million over three years is certainly going to help providing our cost share for these projects. Now, is that enough money? There's never enough money. It all depends on the volume of intake we get. Right now, we see it's sufficient for meeting the needs now. Hopefully, things are going to start moving quickly on this, and we'll get more applications coming forward. We know for a fact, one thing, NGO's, they don't have the financial capacities as, say, a private entity or Indigenous government. Most likely, we will have to contribute the full 25 percent like we committed to Arnica Inn and to the project in Hay River, the Hay River Family Services Centre. We know NGOs don't have the luxury of having the strong financial position. Again, there're other proponents that come in that they could get everything on a loan basis through the banks or through CMHC, and they need less of a portion for the co-investment application from the GNWT. Every application is different and they vary, but right now, we have the money. We're going to be spending it. Hopefully, we come back to get more money because there will be an increase in volume. Thank you, Madam Chair.
Mr. Williams on Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on March 10th, 2021. See this statement in context.
Consideration In Committee Of The Whole Of Bills And Other Matters
Consideration In Committee Of The Whole Of Bills And Other Matters
March 10th, 2021
Page 2462
Williams
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