Thank you, Madam Chair, and thank you for those comments as well, because one of the -- the biggest thing for me is partnership, and like you had said and like the Members have said as well too, that the Housing Corporation cannot do this alone and also looking at the capacity throughout the Northwest Territories as well. But when I first got the portfolio, the main thing that I was really looking at was the co-investment and for the corporation to become very strategic in trying to explain and try to demonstrate what is -- what is co-investment, how do we access those federal dollars. So for us to create a position to be working directly with CMHC was really opened a huge line of communication with us that we're able to work directly with them, but also through that initiative that the -- those employees have been able to travel together, CMHC and the corporation, and to introduce these federal programs and applications going forward and with the funding that I did receive from the government as well to see those applications move along.
The other barrier that I've noticed is the application process is so slow when it comes to the federal government, that the criteria and what they're expecting for the Indigenous governments to provide and the timelines is not realistic for the territories, that we do have -- you know, we have winter road seasons, we have barging seasons, and if we're not able to put in those materials and order them this year, our projects are going to be a carryover. And just also recognizing those as well too. And looking at the private sector, that I'm open to having those conversations as well too and also introducing them and working with them to apply for the federal funding.
But not only that, you know, looking at the purchase that we ended up being very successful with here in Yellowknife, that was something that was very rare, and I just thought for the purchase of a 24-unit building, that was, you know, something that I was very happy and excited that we're able to acquire. But that is what the corporation is looking for and trying to get the Indigenous groups involved as well too.
I've travelled throughout the Northwest Territories and did meet with them face-to-face. Some of the Indigenous groups did have a lot of uptake. Some of them haven't. And -- but really stressing the need to work with that waitlist in the smaller communities, and the corporation cannot do it on its own. But those federal engagements and conversations continue. Thank you, Madam Chair.