Human Resources committee  I can't comment on the specific project that's been mentioned here, but I'm very happy to take the details and follow up on the particular circumstances of that project. With respect to the $25,000 limit, I recognize that it is challenging for non-profits to work with lower leve

Human Resources committee  Thank you very much for that question. We're halfway through the rollout of the coinvestment fund, and we have conditionally committed half the funding for the 110,000 units that are referred to here. We provide funding to proponents as the construction proceeds. To this date, t

Human Resources committee  Mr. Chair, thank you for that question. I do appreciate the question because customer service is very important to CMHC. I'm very disappointed to hear about the recent experience the MP has had with CMHC. There's no doubt that CMHC has been out of direct housing delivery for ma

Human Resources committee  If I could provide an example, in response to criticism from clients about the length of our application process, we instituted a new process for a contribution-only stream. Under that stream, applicants can complete applications in less than 10 minutes, and CMHC can provide with

Human Resources committee  With respect to the rental construction financing initiative, this is a 100% loan program. Its aim is increasing the supply of market rentals. In order to decrease the level of rents to make the projects work, you need either greater levels of contribution or rent supplements. Th

Human Resources committee  There's the Canada housing benefit. That's the rent supplement program. We call it backward-loaded, as the bulk of the funding is available in the latter years of the program. The implementation of that goes through the provinces and territories, and we can definitely do greater

Human Resources committee  I would encourage the non-profits in your area to reconnect with their client representative. I would also focus on CMHC's working not only with a non-profit but with the provincial and municipal governments to make sure the various housing programs that we have available at th

Human Resources committee  We have employees across Canada. I think most of them are in the field all the time, meeting proponents. If they haven't come out to meet the clients in your riding, I'll be very happy to send our staff to them.

Human Resources committee  Mr. Chair, we will continue to take feedback from this committee. We welcome that. I do not agree with the statement that the national housing strategy has been a failure. It has been a very significant change in terms of the federal government's involvement in housing. We have

Human Resources committee  When I talk to many developers, as well as non-profit providers, they have noted that construction costs have gone up. Real estate is a very interest rate-sensitive business. Increasing interest rates definitely impacts the housing development process.

Human Resources committee  On that, I might call on Bob Dugan, who's our chief economist. He may be more familiar with the impact of the low Canadian dollar on the housing supply chain.

Human Resources committee  Just to confirm, the request is for information on the impact of the low Canadian dollar on housing supply creation.

Human Resources committee  I will provide that.

Human Resources committee  Mr. Chair, housing affordability is a function of the level of funding that's available. I'm not talking about loans, but the level of grant funding. Real estate development is a very risky venture, and it's very expensive to build new housing in Canada. The rent is a function of

Human Resources committee  I believe that greater investments for deeply affordable housing funding are absolutely necessary. However, I have to also note that the housing system is one system. You need to also have a market housing system that is functioning well. As we've noted in many of our research