Thank you, Mr. Chair.
I know housing is the foundation to building better lives and to sharing in the prosperity of our community. In 2020, our government provided $79 million to help finance the construction of 216 residential units in my riding of Newmarket—Aurora. It's important for our community to see the grassroots implications of these important projects.
I thought this was a great approach because it created a business model without the federal, provincial, regional or municipal governments needing to provide grants or funding. It was able to move the project forward by transferring the risk of construction.
Can you explain how the funding from the rental construction financing initiative is helping more families find a safe and affordable place to call home?