Sure.
This is a hypothetical. A proponent would come in with a project for ACLP, our apartment construction loan program, which has affordability goals. In order to access the program, the proponent has to be committing to a certain percentage of affordable rents, and this may work: We may be able to do a deal with them under the ACLP. However, with Build Canada Homes' assistance, they may get to a deeper level of affordability. Build Canada Homes could provide some extra subsidies or some other ways to make the math work better in the deal, in which case they can get more affordability out of the same deal.
We will partner together. We'll both be involved. We're not duplicating. We're not running two sets of back offices or anything. We'll just work together to make that deal happen and provide a better outcome than if CMHC had done it alone under the ACLP.
