Thank you for the question, Ms. Chabot. I'm sorry, but I'll answer it in English. That way, I can be more specific.
A number of the things we've recommended are starting to get under way with the government, which we're very pleased about.
One is a lot of attention being paid to accessing public lands. It's not just to build housing, but we hope to prioritize non-market community housing. When it comes to federal and provincial lands, I think this is an important opportunity to prioritize urban indigenous housing at the same time.
One of the other things that's very important is to have a stable offer on the table. When we're talking about development timelines, whether for market or non-market development, we're talking about four, five or six years from a project's conception to the point when people actually move into their homes. This means that government programs have to be stable. It also means that, in the case of things like predevelopment funding, they have to remain on the table consistently. This has been a challenge with predevelopment funding from the CMHC, for example.
One of the other challenges, especially as we've seen variable interest rates over the past five years, is how programs that were well designed in 2018 for the economic circumstances then didn't adapt very well to the change in interest rates and the economy in 2022, 2023 and 2024. We would like to see the grants and contributions attached to CMHC loans be flexible and respond to the interest rate, because it's the level of the interest rate that determines the equity gap.
Fourthly, there's a lot of interest right now in how to leverage private capital. In fact, there was a meeting last week in the province of Quebec, where over 400 non-profit housing providers got together to learn from examples in Europe about how we can leverage our own assets, but also leverage private capital. Government investment is a necessary part of that to prime the pump, and I think there are a lot of opportunities to work together on that in the future too.