I'll start with the second one.
It's critical. The last prime minister to launch a unilateral, federal co-op housing program was Brian Mulroney, so it's been far too long since we built co-ops to contribute to communities and build strong, diverse, supportive homes for people of a great mix of incomes. I would say that the promise was made in March 2022. The money was carved out of the co-investment fund and the rental construction financing initiative. All that needs to happen is the program be launched from the minister's desk, and we urge that to happen.
On the acquisition side, this is the frequently ignored part of the housing crisis. Everyone wants to talk about new supply, which is important. We need to roll out that new supply. However, if we're losing three to five homes for every new home that we're building, we're losing net affordability in our housing economy. The Province of British Columbia has taken a historic step in creating a $500-million rental protection fund that it is not administering itself. It's administering it through a partnership in the community housing sector. You will hear from us in the next three to six weeks that we will have achieved two-thirds of the two-year mandate that was given to that fund inside of the first six months. We'll protect 2,000 homes at rent levels from $750 to $1,200 per month. It's a critical piece of the housing puzzle.