Madam Chair, I do appreciate the questions. I just want to clarify a few things. I think there are some inaccuracies in some of the assertions made.
Of the rental construction financing initiative, for the over 190 projects funded by CMHC, only four are connected to or are real estate investment trusts. That means that these projects are really increasing supply. They also have to meet the affordability criteria that is imposed on them to access federal dollars, as well as making their units accessible and energy efficient.
In terms of deeply affordable housing, I would point the hon. member to the significant investments we have made, and continue to make, in affordable housing, whether it is the rapid housing initiative or the co-investment fund, which delivers an average of $700 in monthly rental payments for tenants living in those units across the country.