The Housing Corporation continues to work very closely with our tenants and supports the collection of rental and mortgage arrears, including developing affordable repayment plans and counselling, as well. As a result of this work, the Housing Corporation maintains a high collection rate of 90 percent. In the 2021-2024 corporate business plan, we continue to make a commitment to maintain that amount to 90 percent of annual collection rates. The Housing Corporation is continuing to be providing repayable mortgages or loans that were established in 2007. Since 2007, the Housing Corporation also continued to collect on these old legacy files. The work also involves entering into affordable repayment plans, where necessary, with existing mortgage clients.
Paulie Chinna on Question 692-19(2): Homeownership
In the Legislative Assembly on March 30th, 2021. See this statement in context.
See context to find out what was said next.