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Human Resources committee Sure. It's my pleasure to be here. Mr. Chair, that was a two-part question. The first was on the status of the housing market, and the second was on the solvency of our mortgage loan insurance business. With respect to the housing market, we endorse comments that in general Can
May 28th, 2015Committee meeting
Evan Siddall
Human Resources committee The investment in affordable housing program was first introduced in the economic action plan or 2008-09 and then renewed again and extended in 2013, as I recall. In addition to that, CMHC continues to provide research and support for assisted housing providers through our afford
May 28th, 2015Committee meeting
Evan Siddall
Human Resources committee We continue to provide policy advice to the government and ideas on additional programs and current programs, and as I said, we do help these housing providers transition to an era when those operating agreements expire.
May 28th, 2015Committee meeting
Evan Siddall
Human Resources committee That is exactly how most of those agreements are structured; that's right.
May 28th, 2015Committee meeting
Evan Siddall
Human Resources committee If their mortgage.... Could you repeat the question, if you don't mind?
May 28th, 2015Committee meeting
Evan Siddall
Human Resources committee I don't know if that's true, and in how many cases it's true. I may have an answer here.... The answer is, yes, that is true. Thank you to my colleagues.
May 28th, 2015Committee meeting
Evan Siddall
Human Resources committee No, no.
May 28th, 2015Committee meeting
Evan Siddall
Human Resources committee That's right.
May 28th, 2015Committee meeting
Evan Siddall
Human Resources committee Thank you for the question. Mr. Chair, on behalf of the government, CMHC continues to provide $2 billion per year in assisted housing programs. That includes $1.7 billion pursuant to existing historic agreements and about $300 million per year in new funding, most of which is p
May 28th, 2015Committee meeting
Evan Siddall