5(2)On the commencement of this section, the New Brunswick Housing Corporation may bring or maintain in its name any action, application or other proceeding or exercise any power, right or remedy that the Crown in Right of the Province as represented by the Minister of Social Development was, could have been or could have become entitled to bring, maintain or exercise with respect to the contracts, agreements or arrangements referred to in section 4 on or before the commencement of this section.