Thank you for the question, first and foremost.
Let me start by talking about affordable housing for seniors.
First, I agree with you completely, Ms. Zarrillo, in terms of the many Canadian seniors who face incredible challenges when it comes to housing. These challenges are of course exacerbated by escalating housing prices, the aging housing stock, inadequate supply and a growing senior population.
As you know, Ms. Zarrillo, helping seniors access affordable housing and stay in their homes and communities are top priorities for our government. We've done many things. You'll also be hearing from my colleague, the Minister of Housing, with whom I work extremely closely.
Canada's first-ever housing strategy, created by this government back in 2017, is helping seniors access affordable housing and stay in their own homes and communities. It will reduce the number of seniors in need of housing through $13.2 billion from the national housing co-investment fund. This fund is expected to create at least 7,000 new affordable housing units for seniors. This is going to support much-needed renovations, including improved accessibility to allow seniors to age in place, and it—