Human Resources committee  As I mentioned, we have received over 600 applications from various municipalities across Canada. Based on our initial review of the applications, we have published a list of the 10 strongest practices that we see in the municipalities. This information is available on our websit

Human Resources committee  This is something I think about quite a lot in my job. When you look at the programs CMHC offers, you see that the vast majority of them are loan programs. I recognize that it is a challenge for many smaller non-profit organizations to go through the loan underwriting process. CM

Human Resources committee  I don't have that exact number, but I can certainly provide that after the fact.

Human Resources committee  The purpose of the fund, Chair, is to provide incentives for municipalities to reform their municipal processes, things like land use planning. It doesn't provide direct funding for the construction of homes. The idea behind the fund and the policy intent is to commit municipal

Human Resources committee  When the applications are approved, our target is 100,000 incremental new starts in the first three years.

Human Resources committee  We've just approved seven of 606 applications that have been received. It's in the very early stages of the program, so I can't comment on the starts at this point.

Human Resources committee  Yes. We'll be tracking two things: We'll be tracking the incremental increase in starts the municipalities have committed to, and in addition to that, we'll be tracking the transformational reforms in the municipal processes. Each municipality is required to submit a detailed p

Human Resources committee  That's correct.

Human Resources committee  As I said, we've only finalized agreements with seven municipalities. We will make these public as the applications are processed.

Human Resources committee  I'll have to take that away. I'm not sure of their status in terms of public distribution, but I will get back to you on that.

Human Resources committee  Yes, absolutely. Transparency is very important for this program and for all programs.

Human Resources committee  I can't comment on the state of inflation or the policies related to it, but I can comment that CMHC has done an extensive study of the housing supply gap that exists in Canada. We estimated there is a need for 3.5 million additional housing starts than are currently planned for

Human Resources committee  When we look at the projects that CMHC finances, we have seen increases in construction costs. Because real estate development tends to be a very interest-rate-sensitive sector, there has been a slowdown in construction activity, given the high interest rate environment.

Human Resources committee  It was $1 billion.

Human Resources committee  No, it means that we've received over 600 applications.