This comes back to the transparency and reporting Build Canada Homes will be required to do on how it is spending that money, that initial capitalization. It will need to report.
Right now, it is operating as a special operating agency under the Department of Housing, Infrastructure and Communities, similar to how the department reports to Parliament on the activities and the expenditures. That provides an opportunity for Build Canada Homes to explain what the costs have looked like for its various activities.
This legislation proposes that Build Canada Homes would transition to a Crown corporation model; there is a reporting requirement or framework that aligns with the Crown corporation model, and I'm happy to get into some of those details. It would also ensure that there's transparency and there is an opportunity, from an audit and reporting perspective, for transparency to parliamentarians and Canadians on the activities that Build Canada Homes undertakes and that the associated financial statements and expenditures are also shared.
