Thank you, Madam Chair.
Ms. Bowers, thank you for being here today. Congratulations on your important appointment. As you mentioned earlier, during this pandemic, CMHC is playing a crucial role in the way out of the crisis.
In your introduction, you talked about the rapid housing initiative, a $1 billion program launched in October. It's not a bad program per se. Actually, I think it's very interesting, but I want to talk a little about how the money is being allocated.
The first component of $500 million, intended for large cities, allocated only $63 million to Quebec, or 12.8% of the money. As for the second component, there was an agreement with Quebec, we received $116 million, and a project was accepted in the north for the Cree. On balance, however, Quebec, which represents 23% of the Canadian population, has not received its fair share of the $1 billion distributed under this program.
When you decide how to distribute the funds, do you take into account the demographic weight of Quebec, for example, which represents 23% of the Canadian population?