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Public Accounts committee  If I may, Mr. Chair, I think DM Gillis may be the best person to answer this specific question, because it's more directly related to homelessness.

November 29th, 2022Committee meeting

Romy Bowers

Public Accounts committee  We use different levels of affordability based on the nature of the program. The co-investment fund provides housing for those most in need, but there's also a concept of funding mixed-use projects—housing projects where there is a range of people with different income levels. In recognition of the varying needs of housing providers, we have some flexibility regarding the affordable housing definition.

November 29th, 2022Committee meeting

Romy Bowers

Public Accounts committee  The national housing strategy is a 10-year program. We have spending targets by year. Our intention is to commit the funding by the end of the program. When you look at the national housing program as a whole, we're about 50% into the execution of the strategy, and we're about 50% in terms of commitment of funds.

November 29th, 2022Committee meeting

Romy Bowers

Public Accounts committee  Yes, I've had the privilege of meeting with Ms. Houle. She's a member of the national housing council. I've met with her on four or five occasions.

November 29th, 2022Committee meeting

Romy Bowers

Public Accounts committee  I'll answer with respect to CMHC, which is an independent Crown corporation. We are governed by an independent board of directors, which approves our compensation framework as well as recommendations with respect to the bonus framework.

November 29th, 2022Committee meeting

Romy Bowers

Public Accounts committee  The significance of the national housing strategy is the focus on housing as a human right. The national housing strategy is constructed to serve the needs of all Canadians, so there are programs to address housing needs across the housing spectrum. Having said that, there is a recognition that the government has to play a most active role in serving the housing needs of those most in need.

November 29th, 2022Committee meeting

Romy Bowers

Public Accounts committee  The private sector cannot provide housing to support those most in need, those at risk of homelessness and those who are most vulnerable. That's the role of government. CMHC has a number of programs that support those Canadians who are most vulnerable. The role of the private sector is to provide housing for—

November 29th, 2022Committee meeting

Romy Bowers

Public Accounts committee  The national housing strategy is a very significant development, in that it represents a return of the federal government to investing in public, social housing. It's not about—

November 29th, 2022Committee meeting

Romy Bowers

Public Accounts committee  I accept the findings of the Auditor General and will take concerted action to implement the recommendations.

November 29th, 2022Committee meeting

Romy Bowers

Public Accounts committee  I thank the Auditor General for the findings, and I'm very committed to addressing the action plans that it advised.

November 29th, 2022Committee meeting

Romy Bowers

Public Accounts committee  CMHC takes performance measures very seriously. We have a series of internal performance targets that we cascade down to our employees. We ensure that, for example, some of the housing targets I mentioned to you are being met on a regular basis.

November 29th, 2022Committee meeting

Romy Bowers

Public Accounts committee  I'm sorry, but I don't have that level of granularity available. I can certainly provide that upon request.

November 29th, 2022Committee meeting

Romy Bowers

Public Accounts committee  I believe we need to have a healthy housing system as a whole to address homelessness and housing affordability. As I mentioned in my earlier remarks, 95% of the housing in Canada is provided by the private sector. There is a huge demand for housing in Canada, particularly in our large cities.

November 29th, 2022Committee meeting

Romy Bowers

Public Accounts committee  Yes, we track seven indicators of success very closely for the national housing strategy. I can give you a sense of what some of these indicators are. One thing we track is how many households have their housing needs either significantly reduced or eliminated. We also track how many new housing units the government has funded.

November 29th, 2022Committee meeting

Romy Bowers

Public Accounts committee  In 2022, our bonus expense amount was about $30 million. I don't have the exact number of employees who received it, but I can certainly get that to you, as required.

November 29th, 2022Committee meeting

Romy Bowers