Yeah, thank you, Madam Chair. I'd like to speak a bit about debt for the housing corporation. I've expressed this before that, you know, the power corp has a similar revenue to the housing corp, and it is hundreds of millions of dollars of debt and the housing corp, with about the same revenue as -- and sorry, I don't have the figure. But you guys got about $10 million or so, and you don't have a debt problem, that's for sure. And I'm just -- to me, it seems that we're spending, you know, $30 million on housing -- this is one of the biggest investments we've made in this Assembly -- that to pay outright for those buildings is a mistake. We should mortgage them to the hilt and pay them out over the next 35 years, as anyone who builds a building would do. They would mortgage the asset and, you know, not just pay for it in cash, which is essentially what the housing corp is proposing doing. And I know that is a limited by our debt ceiling but is there any conversation with the housing corporation going forward to get approval for more debt? And I'm not saying you got to rack up as much as the power corp. That's a bad idea. And they build, you know, extreme capital, I get that. But it seems to me that just we could leverage the current spend much better with assets that are inherently mortgageable, you know. Is there any plans to try and get a little bit more debt room into the housing corp? Thank you.
Rylund Johnson on Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on February 14th, 2023. 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
February 14th, 2023
Page 5278
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