Mr. Speaker, those of us who have been in municipal government, and there are a considerable number of us in the House, have gone through the difficulty that municipalities have in raising money for capital programs and projects through debentures. At this time, the credit crunch affecting consumers is also affecting municipalities.
Could the member apply himself to the concept of the federal government working with the provinces to front-end load a revolving account through CMHC that would allow, on the basis of those projects that contribute substantively to the reduction of carbon, work on retrofitting housing, building transit systems and so on?
Would the member give some consideration, especially when we are getting quarterly reports, that—