The government is once again considering selling assets from a Crown corporation, the Star has learned. According to documents obtained from an access to information request, the Yukon Housing Corp. (YHC) is looking to offload mortgages from its portfolio.

"In the past two years, YHC has experienced a significant increase in public demands for its loan programs,” reads a housing corporation cash-flow analysis. "In 2008/2009, the YHC issued twice as many loans as the previous year. This activity impacted YHC's available cash flow.”

An accompanying report to the government's financial management board presents four sell-off scenarios that could produce between $10 million and $28.8 million in cash for the YHC by transfering clients' loans to banks.

This runs contrary to statements the minister responsible, Jim Kenyon, made on the floor of the legislature back in April, when he denied the government had any plans to liquidate all or a portion of the more than $40 million of the mortgages held by the Crown corporation.

Eventually, Premier Dennis Fentie rose to his feet and also denied Liberal Leader Arthur Mitchell's allegations.

At the time, Ron MacMillan, president of the Yukon Housing Corporation, corroborated the premier's and Kenyon's view of the situation, but today said the corporation would consider selling mortgage assets if clients wished to see them transferred to banks. The documents outline such a sale's financial outcomes for the Crown corporation.

MacMillan said the corporation did an internal study of the feasibility of selling mortgages and waiving penalties, but that no such study or report was contracted to private firm.

Today, Liberal housing corporation critic Gary McRobb said he wants Kenyon to come clean.

"I'm not after the officials, I'm after the people in charge. Mr. Kenyon denied evereything and refused to provide the information ... but lo and behold, another shocker to discover the Yukon government was secretly trying to privative Yukon's interests.

"This has become so common place it hardly gets my blood pressure going, anymore.”

But Kenyon still rejects the housing corporation is selling off anything. The study, said Kenyon, examined the feasibility of feeing up cash for future mortgages by transfering current ones to a financial institution.

"We were under some pressure by (some mortgage holders) to be released,” said Kenyon, who called the outcomes of such a decision "unpalatable” as the corporation would ultimately lose money on such transactions.

Kenyon was the minister responsible for the energy corporation when four ex-directors said he was unaware the premier was trying to liquidate that Crown corporation's assets to Calgary-based ATCO, owners of Yukon Electrical Co. Ltd.

Kenyon has since denied those allegations.

In February, Auditor General Sheila Fraser credited the YHC for running a tight mortgage ship – a positive review based largely on the fact the portfolio was subject to few defaults.