Madam Speaker, I spoke briefly to the impact we have already had in terms of reducing approval times, red tape and the costs related to both of those with the City of Ottawa. We have an agreement in place with the City of Ottawa to build about 3,000 homes. The homes will be expedited through the city's system and that is a good example of how Build Canada Homes, by bringing new tools to the table, which this act would enable, has the opportunity to leverage that acceleration with city governments, which are responsible for those approvals and for reducing those costs.
There will be other approaches with infrastructure investments that reduce development cost charges, which we will be bringing forward in the weeks and months ahead. With Build Canada Homes in particular, we have that leverage point. What will be really critical for us going forward is also having the tools to crank up the supply of more affordable housing. We can invest, at Build Canada Homes, in affordable housing projects that leverage a range of deeper affordability right to the middle market, like housing for young people that is lower rent. There are opportunities for attainable home ownership as well.
We look forward, at Build Canada Homes, to being able to focus on scaling those opportunities.