Thank you very much, Madam Chair. Yeah, Madam Chair, I -- and I absolutely agree with the president, that the Housing Corporation cannot do it alone, that it is going to take partnerships in order to be able to pull the NWT out of the housing crisis that it is currently in.
But that being said, the federal government isn't funding O and M. The federal government is putting forward funding for building new capital. We even saw that in the rapid housing initiative money that came out that was due -- I believe the applications were due at the end of December. That application process mandated that people needed to have access to O and M for a certain number of years in order to even access the funding for the capital to build -- to build the units.
So we still have to as a housing corp -- or sorry, the government still has to as Housing Corporation ensure that they have the dollars available for O and M for these units. And so even without their revision to the mandate -- or sorry, mission that Housing Corporation is working through, they already had a mandate within their organization to build, acquire, and maintain housing. And the money that they're asking for doesn't even allow them to keep up with their old mandate because they don't have the funds available to actually do the O and M and replace units, for 2500 units, which was what they already had. And I'm so thankful that we're getting more units, but we need to have the serious conversation about keeping up -- doing the upkeep on them. That's part of the fiscal responsibility of the Housing Corporation. It's not just to secure the funding, which is a great thing and is a very good news story, but we also have to take care of these units.
In looking, we always say from this Assembly that housing is our top priority and that housing is our number 1 priority. We even heard the Minister say that on the other side, I believe, in the last session, which I was very thankful that she said.
But the 18th Assembly passed a -- a budget, sorry, for capital funding for the Housing Corporation in 1920 [sic] that was $18.2 million. In 2020-2021, the budget passed for the Housing Corporation was 11.6. And now we're looking at a budget of 10.6. And so we keep saying that housing is our priority but the budget that we're putting forward for housing is consistently going down. So how can housing be our priority if we're not putting our dollars behind our words? And so I just -- I really want to stress that, and I don't really feel like -- I feel like we're essentially sitting on this side of the House begging the Housing Corporation to ask for more money and it's beyond me that we're actually, on an annual basis for the third time now, begging them to take money. In the first -- the first budget that we passed, we actually pushed more money at Housing Corporation. And so I really, really want to stress that Housing Corporation needs to ask for more money.
With my last 45 seconds, I just want to ask, I see there's a budget increase to the president's office policy and planning combined for about $300,000. Is that enough money for the NWT Housing Corporation to rework the policies that they intend to do as part of their renewal strategy? Thank you.