Thank you, Charles.
We're so glad to hear that the Canada Lands Company is already leading and partnering in your community.
As you know, there is going to be even more of that in other places across Canada, because of not only a renewed but also a much enhanced mandate in budget 2024, with tools that will support your community. As I mentioned earlier, there are leasing tools. That's as opposed to going through what is sometimes too long and complicated a process, which is disposing of properties by selling them to the highest bidder. Why don't we lease those properties over a long time to community developers, not-for-profit housing developers, municipalities and other groups that will then commit to building affordable homes in the long term? Affordability is key not only in the short term but also in the longer term. It's using that to support the efforts of co-operatives and public housing.
In addition to leasing, Canada Lands Company would also have the ability to develop the projects themselves. I should also add—I was going to forget—that, in budget 2024, there is a $500-million fund so the federal government can acquire public land that is not currently owned by the federal government. It could be owned by municipal or provincial governments. We can buy those pieces of land, make buildings and make them available to the community through, again, possibly lease agreements, with lots of positive economic, social and environmental outcomes.