If I could, Mr. Chair, speaking of deep affordability, I think that speaks to some of the issues that Scott raised earlier in terms of the grants and the application process.
Rapid housing, I think, is probably the most successful program of all of the national housing strategy programs that you've offered to date. As a former councillor and as someone who worked at CityHousing Hamilton, for us it was amazing, because there was deep affordability. The grant ratio, at least in our municipality, was about 75:25 or almost 80:20, if my memory serves me right. Through rounds one and two, you were providing $300,000 for a unit when modular units were costing about $350,000.
What I've witnessed now in round three is that the grant number has been reduced for most municipalities, at least in southern Ontario, and that's my only context in this regard. I'm not certain what you provided across the country.
In southern Ontario, for the grants on average, it looks like they've gone down to about $265,000 a door, which is far less than the $300,000 you provided through the first two rounds. The cost of the modular unit now is about $550,000, or almost $600,000. Tenders haven't come in yet, but it looks like the industry fee for modular units is in that range.
The dilemma that municipalities have, at least for those that are participating and have been granted the opportunity to apply, is that the grant portion has gone down substantially. We're now down to about 55% per door, and the cost of the units has almost doubled. Can you rationalize the decision-making process you made to determine that the grant numbers should be reduced in round three, when costs and expenses related to modular, and most are purchasing modular.... How did you arrive at that decision?