There's not a hard and fast rule on that. You're getting at how the investment policy of Build Canada Homes is set. It is set to allow for specific decision-making to be made around specific transactions.
They would allow for property coming from a regional or municipal level of government to be accounted for as BCH is considering what level of capital investment, capital allocation, to make. It was designed to have a lot of flexibility, both in terms of the instruments it has and in terms of the investment decision-making in the factors it brings to bear.
It plays at scale too. For example, if a regional government came forward to say that they were going to put in—I'm making up these numbers—$100 million and there was land valued at another $100 million, and they were going to look at reducing property taxes and development charges, Build Canada Homes would be able to say, “All in, the value of that contribution is x, and this is what we will bring to the table.”
I think it's notable that they can do that much earlier in the process than we could previously with, for example, what CMHC used to be able to do. Often, as you know, when dollars come in early on, when there's a surety of dollar value coming in, it brings a lot of certainty to transactions. It allows other capital to be crowded in and allows certainty of planning. That is the vision for how Build Canada Homes puts investments together and, as you noted, how property values and property coming in were envisioned.