Thanks, Mr. Chair.
Thanks to the witnesses for their attendance today.
I'll start with Mr. Horwood. You probably heard the opening from Mr. Pomeroy, who talked about some of the financial changes made over several administrations, both Liberal and Conservative, that reduced the amount of resources that flowed through to the housing sector, in particular the affordable housing sector.
In your opening, you referenced legislative changes made at the federal and provincial levels that disincentivized your sector to build more units. The national housing strategy has sought to incentivize for-profit organizations to build more supply. That is certainly the goal of the apartment construction loan program. I know you've participated in that program.
Can you talk about your experience with that program, and whether it played a role in your decision-making to build new supply, not just in Hamilton, but elsewhere?