Mr. Chair, it would be important to note there's no one standard operating agreement. There's no template agreement. Every operating agreement has a different approach and a different mix of what is covered.
To your point earlier, you are correct in saying that essentially agreements would pay the mortgage, but I should add that's at what today would be considered extremely high interest rates. Most long-term mortgages that providers are paying are at an 8% interest rate. I think anybody here who would pay 8% for a home mortgage would be crazy.
There are in some agreements lines for some operational items and some for, although very little, maintenance renewal and rehabilitation. Those are areas that have been flagged as needing some significant reinvestment.
We should add that when the federal government got out of the business of constructing new units, back in the early 1990s, we saw no new additions at least from the federal perspective to the existing stock. We all know needs have grown. That's why we're seeking those new units to be built to the existing stock.