Thank you, Mr. Chair.
I would like to thank the witnesses for joining us this morning. I would also like to thank them for working with us over the past year as we developed this new agency, Build Canada Homes. It's actually already up and running.
Mr. Watts, you spoke a bit about Build Canada Homes' different approach. That's exactly what we want to do, with looser criteria. That's why it isn't a program, but an affordable housing investment agency where we work closely with the private sector.
My first question is for the UTILE representatives and Mr. Gascoyne. I'll then turn to Mr. Watts.
Mr. Levesque and Mr. Pelletier, I know that you have already dealt with Build Canada Homes. Mr. Gascoyne, I don't know whether you have already done so.
I would like to know whether this approach, in particular the investment policy that we implemented with its fairly loose criteria, has been demonstrated to date. Obviously, some accountability is still required. However, do you think that things are moving in the right direction?