Thank you very much, Mr. Chair.
Dr. Whitzman, I'm coming in your direction. I've now looked at three programs. The rental construction financing initiative created in 2017 became the apartment construction loan program, with a budget of $55 billion. The national housing co-investment fund of May 2018 became the affordable housing fund, with $15 billion. The rapid housing initiative from October 2020 had a $4-billion budget.
I add that up to $74 billion and just over 59,000 housing units created. That's an average of $1,250,000 expended by the federal government, or at least budgeted, per unit.
Now we're moving into Build Canada Homes with an extremely aggressive target of 500,000 housing units a year with a $13-billion budget.
We're not really getting this done.
What is the greatest single problem with what the federal government has done over the last 11 years to try to build homes?