Thank you, Mr. Chair.
Thank you, Minister Duclos, for coming in today.
I'm going to be sharing my time with MP Ruimy.
Mr. Minister, I am, as I know you are, very proud of the historic investments that our government has made in affordable housing. After a decade in which the Harper Conservatives really did nothing to address the housing crisis, and off-loaded responsibility to the provinces and municipalities, it's refreshing to see our federal government taking a leadership role in the national housing strategy.
A few weeks ago you announced the creation of a $13-billion co-investment fund with the provinces and territories. This is great news for my riding of Saint John—Rothesay. As you announced, this fund will be delivered in tandem with the recently created $3.75-billion rental construction financing initiative, and the $208.3-million affordable housing innovation fund. Combined, these three initiatives represent an investment of over $17.15 billion in the construction of new affordable housing units.
Can you break down for this committee how the $17-billion investment will ensure that more Canadians in my riding of Saint John—Rothesay will have a place to call home?
Thank you, Minister.