We may not have the same figures. In the first component, money was given to Montreal and Quebec City, for a total of $63 million out of $500 million. According to my calculations, this amounts to 12.8%. There seems to be a shortfall both in the first component and in the total amount of $1 billion.
That's a little sad, because a lot of people submitted projects, but few were accepted. Yet, as we know, the need for housing is dire. In Quebec, 40,000 households are waiting for low-cost housing.
This brings me back to the fact that the federal government abandoned housing in Quebec 25 years ago. Fortunately, the Société d'habitation du Québec, the SHQ, took over. We set up programs like AccèsLogis, which is a very good program. We developed a social and community approach that is praised across Canada. I have already discussed this with Mr. Vaughan, who sits on the committee. However, it seems that Quebec, because of its successful approach, is penalized in the way CMHC distributes the money.
What are your thoughts on that?