This is a single
speech (committee meeting) resource
from the openparliament.ca API. If you’re new here, you might want to look at the documentation. If API and JSON are gibberish to you, you’re better off at our main site.
This is a single
speech (committee meeting) resource
from the openparliament.ca API. If you’re new here, you might want to look at the documentation. If API and JSON are gibberish to you, you’re better off at our main site.
{
"time": "2023-02-17 10:20:00",
"attribution": {
"en": "Mr. Scott Aitchison",
"fr": "M. Scott Aitchison"
},
"content": {
"en": "<p data-HoCid=\"7613713\" data-originallang=\"en\">Thank you, Mr. Chair.</p>\n<p data-HoCid=\"7613714\" data-originallang=\"en\">I have a very specific question now about the process, which is obviously more in your department.</p>\n<p data-HoCid=\"7613715\" data-originallang=\"en\">I've anecdotally heard examples of groups or organizations that have gotten through the painful process, gotten the funding agreement\u2014it was a loan or whatever it might be. Then, of course, this year has been a difficult year for interest rates. </p>\n<p data-HoCid=\"7613716\" data-originallang=\"en\">They got the approval at the beginning of the year. By the time they were able to get everything ready with shovels in the ground and the money starting to flow, the interest rate changed. CMHC committed the funds, but the interest rate was not committed at the time of commitment. The change in the interest rate at the beginning of the flowing of funds was enough of a change that the project didn't make sense any more.</p>\n<p data-HoCid=\"7613717\" data-originallang=\"en\">It's a very specific example, but have you addressed that situation? I assume CMHC has some capacity to play with interest rates a little bit more than a bank might.</p>",
"fr": "<p data-HoCid=\"7613713\" data-originallang=\"en\">Merci, monsieur le pr\u00e9sident.</p>\n<p data-HoCid=\"7613714\" data-originallang=\"en\">J'ai maintenant une question tr\u00e8s pr\u00e9cise \u00e0 poser au sujet du processus, lequel rel\u00e8ve manifestement davantage de votre organisation.</p>\n<p data-HoCid=\"7613715\" data-originallang=\"en\">J'ai entendu parler d'exemples o\u00f9 des groupes ou des organisations ont franchi toutes les \u00e9tapes de ce processus douloureux et ont obtenu l'accord de financement. Il s'agissait d'un pr\u00eat ou d'un financement d'un genre ou d'un autre. Puis, bien entendu, cette ann\u00e9e a \u00e9t\u00e9 une ann\u00e9e difficile du point de vue des taux d'int\u00e9r\u00eat. </p>\n<p data-HoCid=\"7613716\" data-originallang=\"en\">Ils ont obtenu l'approbation au d\u00e9but de l'ann\u00e9e. Le temps que tout soit pr\u00eat pour la construction et que le financement commence \u00e0 \u00eatre vers\u00e9, le taux d'int\u00e9r\u00eat avait chang\u00e9. La SCHL s'\u00e9tait engag\u00e9e \u00e0 fournir des fonds, mais le taux d'int\u00e9r\u00eat n'avait pas \u00e9t\u00e9 garanti au moment de l'accord. La modification du taux d'int\u00e9r\u00eat au d\u00e9but du versement des fonds a \u00e9t\u00e9 suffisamment importante pour que le projet ne soit plus rentable.</p>\n<p data-HoCid=\"7613717\" data-originallang=\"en\">Il s'agit d'un exemple tr\u00e8s pr\u00e9cis, mais avez-vous fait face \u00e0 cette situation? Je suppose que la SCHL est un peu plus en mesure de rajuster les taux d'int\u00e9r\u00eat qu'une banque.</p>"
},
"url": "/committees/human-resources/44-1/56/scott-aitchison-9/",
"politician_url": "/politicians/scott-aitchison/",
"politician_membership_url": "/politicians/memberships/4548/",
"procedural": false,
"source_id": "12071251",
"document_url": "/committees/human-resources/44-1/56/",
"related": {
"document_speeches_url": "/speeches/?document=%2Fcommittees%2Fhuman-resources%2F44-1%2F56%2F"
}
}