Thanks, Chair, and thanks to all of the witnesses for coming today.
My first question will be for FCM. It's again to make sure that it's clear on the record that despite the mandate letter for the minister around the housing accelerator fund really being just focused on housing supply in our larger cities, based on the budget and your understanding, representing all municipalities—or the vast majority of them across the country—this funding is going to be made available to rural communities as well.
For example, I have one project that I just got briefed on earlier this week, Ste. Clare's, which is focused on affordable housing apartment units for seniors. They're impacted on so many costs due to the construction costs that have gone up. Where they were originally funding $3 million for the construction, it's now estimated at $7 million.
Can you just clarify that it's your understanding this fund will be made available for urban and rural areas?