I can speak. I have a couple of key points.
Yänonhchia' is the brainchild of the community of Wendake, which many years ago saw that social housing funding was not meeting its needs. They started to look for and create a new solution. Because of the restrictions of the Indian Act, they had to use internal resources. They chose to use the indigenous financial institution, the NACCA network, as the mechanism to deliver housing in Quebec.
Yänonhchia' housing finance builds on a network of experienced IFIs. Housing outside of reserve presents one of Canada's most important economic drivers, and Yänonhchia' proposes to make this a reality on reserve as well. Increased construction and renovation activity for private home ownership will yield important economic benefits for first nations.
As I mentioned previously, because of the restrictions of the Indian Act, Yänonhchia' is different from other lending programs. It builds on individual financial and credit strength to provide housing finance without requesting that the first nation or the government, through ISC's ministerial loan guarantee program, guarantee these loans.
It's not a panacea. As I mentioned earlier, with the current level of funding, probably in the range of 60% of our housing needs are not currently being met by any government funding. We believe that through the work with Yänonhchia' and private home ownership, upwards of 20% of our housing needs can be addressed.
Simply, the success we have achieved in Quebec we have done with no government funding. We have raised it through the sale of bonds and people's individual savings, plus some assistance from private foundations like McConnell, which have invested money—$28 million in total—with the first nations, so that we could have this program available on reserve for our members.