Thank you, Mr. Chair. This payment here relates to the mortgage payments that Housing NWT makes to CMHC for the housing assets that were transferred under the social housing agreement. We pay each year $955,000 under that arrangement -- or loan, and the interest portion of that is $313,000, and that is the amount that gets recognized as expenditures under the Actuals 2021-2022. The difference is the principal portion which is applied to the debt, which doesn't show up in this case. But we do have to budget $955,000 each year to cover both the principal and the interest. Thank you, Mr. Chair.
Mr. Martin on Consideration In Committee Of The Whole Of Bills And Other Matters
In the Legislative Assembly on February 15th, 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 15th, 2023
Page 5319
Martin
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