In the economic action plan 2013, the Minister of Finance announced a five-year renewal of HPS as well as a five-year renewal of the affordable housing initiative.
Where are we on the status of our negotiations and discussions with our provincial partners? This is new funding, effective April 1 of next year.
Where are we now in our discussions with the provinces around the renewal of the affordable housing initiative and on signing those agreements? I do know that the agreements are slightly different, given different provinces. Different provinces have different affordable housing needs: you can't compare P.E.I. with downtown Toronto, and you can't compare Toronto with the Yukon.
When we're negotiating these agreements, we know we must have flexibility. We know we must have a sense of reality of what the housing needs and situations are in different parts of the country.
Can you give me a quick update—I'm sure that will be the end of my time—as to where we are on the renewal of those agreements, considering they'll be effective on April 1, 2014?