Every First Nation family has the opportunity to have a home on their own land in a strong community.
Welcome to the First Nations Market Housing Fund
It is with great pleasure that I welcome you to the First Nations Market Housing Fund (the Fund) web site.
The Fund is the first national fund created to support financing arrangements for housing on reserve and settlement lands where appropriate, while respecting the communal ownership of reserve land. Building on the expertise and success of innovative First Nations communities and financial institutions, the Fund’s Credit Enhancement Facility is a new approach to expand market-based housing on reserve by providing easier access to homeownership, rental and renovation loans in First Nations communities.
The Fund also has a Capacity Development Program which provides funding for First Nation communities that meet or are close to meeting the Fund’s criteria for the Credit Enhancement Facility. Funding is focussed on creating the capacity in First Nations communities to support the administration of market-based housing programs.
We are now into our seventh year of operations and we are continuing to work with First Nations and lenders to build upon the momentum we have already established together. As of December 31, 2014, we have received more than 168 applications from First Nations and more than $725 million in loan backing has been approved for 79 of these communities through the Credit Enhancement Facility. Also, we are working closely with eligible First Nations to develop capacity specific to their community for meaningful change and sustainable results.
I encourage you to explore our web site to learn more about how the Fund can support investment in First Nations communities to strengthen systems, facilitate economic development, attract private financing and expand housing options.
If you have any questions or comments, please contact us.
Chairperson of the Trustees
First Nations Market Housing Fund