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Human Resources committee The interest has actually been quite good with this program. From a cost-benefit perspective, a municipality could save significant dollars. In the current market you're probably looking at about 1% or 1.5% interest savings. So on a $10-million infrastructure loan over a 15-year
March 15th, 2010Committee meeting
Sharon Matthews
Human Resources committee We look at current and average rates out there. Every municipality is a little different as far as what rate they can get in the marketplace. We're estimating about 1% or 1.5% in the current market, but it would absolutely vary by jurisdiction.
March 15th, 2010Committee meeting
Sharon Matthews
Human Resources committee I'm afraid I couldn't give you a breakdown in terms of that client group. I can tell you, overall, that housing need from the census 2001 to 2006 marginally went down on a percentage basis and largely pretty well flatlined. In an absolute number perspective, I think it was margin
March 15th, 2010Committee meeting
Sharon Matthews
Human Resources committee Again, I can speak to how CMHC is managing the money. As I said, the provinces and territories are accountable for the design and the delivery of the programs. We won't make a commitment in terms of expenditure to the province until they have a commitment in hand with that sponso
March 15th, 2010Committee meeting
Sharon Matthews
Human Resources committee The amount of money that we are talking about in terms of the stimulus has nothing to do with budgets in previous years. This is all new money, to answer your last question first, to be clear. In terms of the money and how quickly the expenditure is going out, if you recall, in
March 15th, 2010Committee meeting
Sharon Matthews
Human Resources committee So for CMHC it's a little early to say exactly what the implications would be of the operating freeze in the federal budget. I can tell you that we spend about $135 million on reserve for aboriginal Canadians. Very little of that is administrative cost; most of that goes directly
March 15th, 2010Committee meeting
Sharon Matthews
Human Resources committee Thank you, Madam Chair and members of the committee. I am pleased to be here on behalf of Canada Mortgage and Housing Corporation to review our spending plans for fiscal year 2010-11. As Canada's national housing agency, a core part of CMHC's public policy mandate is to support
March 15th, 2010Committee meeting
Sharon Matthews
Indigenous and Northern Affairs committee We can certainly get you the detailed numbers, and I think we can provide them to the committee. I had answered an earlier question, I think in your absence. I believe the numbers you were quoting for CMHC were related to the 2005 budget—
May 28th, 2008Committee meeting
Sharon Matthews
Indigenous and Northern Affairs committee —and I had answered an earlier question that said—I won't repeat it—that we actually exceeded those targets. But we'll get you that information.
May 28th, 2008Committee meeting
Sharon Matthews
Indigenous and Northern Affairs committee On the new construction the goal was 4,400, and we actually achieved 4,498. On the renovation side it was 1,100, and we actually achieved 1,296. On the trust, again a question came up earlier, and neither of us is really in a position...it really is the Department of Finance. Ho
May 28th, 2008Committee meeting
Sharon Matthews
Indigenous and Northern Affairs committee No. Again, it would be to the Department of Finance that you'd have to inquire.
May 28th, 2008Committee meeting
Sharon Matthews
Indigenous and Northern Affairs committee Neither INAC nor CMHC were involved in the trust allocations. It was the Department of Finance that managed that, so any questions on the trust would be--
May 28th, 2008Committee meeting
Sharon Matthews
May 28th, 2008Committee meeting
Sharon Matthews
Indigenous and Northern Affairs committee My understanding is there are principles under the trust. CMHC has no involvement on that side.
May 28th, 2008Committee meeting
Sharon Matthews
Indigenous and Northern Affairs committee I'm actually very pleased to say we took the Auditor General's report very seriously. Since then we've had in place national and regional liaison committees. These committees meet regularly. They look at priorities. They are a perfect example of how we actually work very well tog
May 28th, 2008Committee meeting
Sharon Matthews