Thank you, Mr. Chair. Yesterday we spoke about our homeownership initiative program and under that program, we do a book value calculation but actually the tenant will not have to pay for the house. We forgive the value of the house over a three to five-year forgiveness period. So the homeowner will take ownership of the house at the beginning of that period, but they don't actually have to pay for the value of the house through that program. We actually forgive that through a forgivable loan. Thank you, Mr. Chair.
Ms. Young 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 5321
Young
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