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NEWSCONF/HOPKINS ~3-

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incentives for the government, given the restraints

imposed by our large federal deficit.

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We made it clear that our first submission was a skeleton

propasal for discussion purposes and committed

fa
Wa

nay

ourselves to consultation and dialogue among ali players
in the housing industry to come Up with a program that
was simple to understand and workable within current
provisions of the Income Tax Act. I'm pleased to say that

Vir. Redway was one of our earliest supporters and

encouraged us to press ahead.

Two-and-a-half years later, we have completed three

more research briefs, the latest of which is in your kit

and provides a summary of our work to date. We have

consulted with CMHC and Department of Finance

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