Thank you, Mr. Speaker. And thank you to the Member for raising this issue. The Member is correct that the NWT social housing agreement signed in 1997 allocated $21.2 million in annual operational funding to support the delivery of the Northwest Territories Public Housing Program. The funding has declined and is scheduled to be fully exhausted by 2038-2038.
Since 2019, Housing NWT has been able to mitigate these annual funding declines with funding supports provided under a new bilateral agreement with CMHC. The funding under this agreement is being used to offset the decline in CMHC funding up to 2027-2028. Housing NWT has been meeting with CMHC to discuss new or extending the bilateral agreement. Thank you, Mr. Speaker.