Thank you, Madam Chair. The program is targeted to people who currently live in single-family homes across the territory. As the Minister mentioned, some basic criteria, the arrears -- clearing your arrears before the sale goes through is one of the key ones. And then what happens is the ownership of the unit is transferred. And we talked about the debt component of it. We do a forgivable loan for the value of the home over three to five years, depending on the value of the home. So, under that program, they don't actually pay a purchase price, they get the unit forgiven over a period of time. Thank you, Madam Chair.
Ms. Young 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 5280
Young
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