Thank you, Mr. Chair.
Thank you to all the witnesses. We really appreciate your being here and offering your insights and suggestions. Witnesses today have lots of experience in the housing space.
I want to start with Mr. Ross.
Thank you, Mr. Ross, for your presentation. I'm a fan of co-op housing. I think it's a great model, one of many.
I like the recommendations you've come up with, but I'm wondering if I can go back for a minute to the announcement that was made in the federal budget a couple of years ago on an investment in co-op housing specifically. I understand that this fund was actually managed through the CMHC. Am I correct in that?