Mr. Speaker, co-operative housing is an important part of the housing continuum. It provides a secure, affordable option for low and moderate income Canadians. However, in recent months many federally administered co-ops funded under section 95 of the National Housing Act faced a subsidy shortfall when their mortgages came up for renewal. This problem was threatening the financial viability of many projects.
Could the Minister of Labour and Housing tell the House what he has done to fix the problem and to assist the people in that situation?