Thank you for the question.
Affordable housing is a very important issue for all Canadians.
I was very happy to announce the agreement with Quebec last week in Quebec City around Build Canada Homes and our process for approving and getting housing built in Quebec. My thanks go to the minister, Minister Proulx, who was very keen to advance this partnership as well, along with our teams that negotiated the agreement.
The opportunity with Build Canada Homes is different from what we've seen with housing support from CMHC, as an example. It is not a program that requires applications. Build Canada Homes is an agency with an investment committee. The way we will work with Quebec will be that Quebec will be at a collaboration table with us, bringing forward opportunities for partnering together on financing housing projects. Those will be reviewed at the collaboration table and then advanced to the investment committee at Build Canada Homes.
The investment committee at Build Canada Homes will be reviewing all the proposals that come in. Right now, we have over 400 proposals that have come in through the public portal of Build Canada Homes. The investment committee will review those proposals, based on how they align with the investment policy. The Build Canada Homes investment policy is on the website currently. You can search it there.
Proponents like the city of Granby and other communities in your riding can advance proposals with Quebec. They can see the public criteria on the website for Build Canada Homes and basically work their proposal with Quebec. That will come forward to Build Canada Homes.