Mr. Speaker, in response to part (a), the original budget for the Canada emergency commercial rent assistance, CECRA, program was $2.97 billion total combined from federal, provincial and territorial governments. This includes funding for forgivable loans disbursed and program administration costs.
In response to part (b), the projected budget for CECRA is $2.97 billion.
In response to part (c), 60,000 submissions by property owners was the original expected number of applications.
In response to part (d), as October 4, 2020, 74,774 applications had been received for the program from property owners. Each application represents one property with one or more impacted small business tenant.
In response to part (e) of the applications in (d), as of October 5, 2020, 59,404 applications by property owners were approved; 5,935 were under review.
In response to part (f), individual small business tenants did not directly enroll in the CECRA program. Rather, eligibility for CECRA was based on applications submitted by commercial property landlords on behalf of their eligible tenants. All property owners who enrolled in the program were required to provide a 25% rent reduction to their eligible tenants in order to be approved. Failure to comply with this program requirement would put the property owner in default of the loan agreement, and the loan would become repayable.