First Nations Housing Market Fund - Deborah Taylor
First Nations Housing Market Fund - Deborah Taylor
First Nations Housing Market Fund - Deborah Taylor
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1<br />
Working in<br />
Partnership with<br />
<strong>First</strong> <strong>Nations</strong><br />
Click to add<br />
across Canada<br />
TSAG 15 th Annual Technical Conference<br />
title<br />
Click to add <strong>First</strong> Nation<br />
Click to add date<br />
©2008 FNMHF
2<br />
The <strong>Fund</strong>’s Vision<br />
Every <strong>First</strong> Nation family has<br />
the opportunity to have a<br />
home on their own land in a<br />
strong community<br />
©2008 FNMHF
3<br />
About the <strong>Fund</strong>…<br />
• Launched May 5, 2008<br />
• Designed to support market housing arrangements<br />
between <strong>First</strong> <strong>Nations</strong> and lenders<br />
• $300 million federal investment<br />
• Intended to leverage $3 billion in on reserve<br />
housing investment across Canada<br />
• <strong>First</strong> clients announced in Feb ‘09<br />
©2008 FNMHF
4<br />
…about the <strong>Fund</strong><br />
• New tool to create more on reserve housing<br />
� Homeownership<br />
� Rental units<br />
� Renovations<br />
• Respects communal ownership of reserve lands<br />
• Only <strong>First</strong> <strong>Nations</strong> can apply<br />
• Developed with input from AFN, <strong>First</strong> Nation<br />
communities and organizations across Canada<br />
©2008 FNMHF
How does the <strong>Fund</strong> support investments?<br />
5<br />
• 10% backstop for housing loans guaranteed<br />
by the <strong>First</strong> Nation<br />
• Leverage to negotiate with lenders<br />
- lower interest rates<br />
- reduced program access fees<br />
- risk sharing<br />
- administrative arrangements<br />
• Capacity Development<br />
©2008 FNMHF
6<br />
Benefits to <strong>First</strong> Nation<br />
• Expands housing options for <strong>First</strong> <strong>Nations</strong><br />
• Complements existing programs and helps<br />
strengthen systems<br />
• Attracts more private financing and<br />
encourages competition among lenders<br />
• No Ministerial Loan Guarantees<br />
• Promotes creation of a housing market<br />
©2008 FNMHF
7<br />
Benefits continued...<br />
• No fees or service charges for what we do<br />
• Strength for policies, process and people<br />
• Tools are available to improve investment<br />
readiness across the <strong>First</strong> Nation<br />
• Supports the <strong>First</strong> Nation’s goals<br />
©2008 FNMHF
8<br />
Success to Date<br />
• 84 applications received from <strong>First</strong> <strong>Nations</strong><br />
• 35 applications approved for Credit<br />
Enhancement and Capacity Building<br />
• 19 <strong>First</strong> <strong>Nations</strong> approved for Capacity<br />
Development only<br />
©2008 FNMHF
9<br />
# of <strong>First</strong> Nation Applications<br />
Received by the <strong>Fund</strong> / Total # of<br />
FNs in each Prov./Territories<br />
(November 6, 2012)<br />
5/14<br />
16/202<br />
7/47<br />
0/29<br />
6/75<br />
6/63<br />
0/0<br />
35/134<br />
4/40<br />
LB<br />
5/35<br />
©2008 FNMHF
10<br />
Profile of <strong>First</strong> <strong>Nations</strong> approved to<br />
date for Credit Enhancement<br />
• More than $450 million of housing investment<br />
over 5 years - 35 <strong>First</strong> <strong>Nations</strong><br />
• Homeownership contemplated in all – plus<br />
some with renovations, rentals, elders and<br />
foster homes<br />
• Rural, remote, urban<br />
• Small to large size populations – a few<br />
hundred to several thousand members<br />
©2008 FNMHF
11<br />
FN announced for Credit<br />
Enhancement as at November1, 2012<br />
• Miawpukek NF<br />
• Membertou NS<br />
• Lac La Ronge SK<br />
• Batchewana ON<br />
• Onion Lake SK<br />
• Atikameksheng<br />
Anishnawbek ON<br />
• Whitefish River ON<br />
• Champagne & Aishihik YK<br />
•Wikwemikong ON<br />
•Siksika AB<br />
•T’it’q’et BC<br />
• Sagamok ON<br />
• Seabird Island BC<br />
• Tk’emlups BC<br />
• Moose Cree ON<br />
• Serpent River ON<br />
• Hiawatha ON<br />
• M’Chigeeng ON<br />
• St. Mary’s BC<br />
• Neskonlith BC<br />
• Nipissing ON<br />
• Mississauga ON<br />
©2008 FNMHF
<strong>First</strong> <strong>Nations</strong> <strong>Market</strong> <strong>Housing</strong> <strong>Fund</strong> – Credit<br />
Enhancement<br />
• Membertou was the first <strong>First</strong><br />
Nation in Canada to build a<br />
new home using the <strong>Fund</strong>’s<br />
Credit Enhancement<br />
program.<br />
©2008 FNMHF
<strong>First</strong> <strong>Nations</strong> <strong>Market</strong> <strong>Housing</strong> <strong>Fund</strong> – Credit<br />
Enhancement at Membertou<br />
• More house construction is<br />
underway, backed by the<br />
<strong>Fund</strong><br />
©2008 FNMHF
<strong>First</strong> <strong>Nations</strong> <strong>Market</strong> <strong>Housing</strong> <strong>Fund</strong> – Credit<br />
Enhancement at Membertou<br />
• A happy Membertou member<br />
on her lot, holding her plans<br />
©2008 FNMHF
<strong>First</strong> <strong>Nations</strong> <strong>Market</strong> <strong>Housing</strong> <strong>Fund</strong> – Credit<br />
Enhancement at Membertou<br />
• The new house as it is<br />
planned for Candace and her<br />
family<br />
©2008 FNMHF
<strong>First</strong> <strong>Nations</strong> <strong>Market</strong> <strong>Housing</strong> <strong>Fund</strong> – Credit<br />
Enhancement at Membertou<br />
• Another lot being cleared for<br />
construction<br />
©2008 FNMHF
<strong>First</strong> <strong>Nations</strong> <strong>Market</strong> <strong>Housing</strong> <strong>Fund</strong> – Credit<br />
Enhancement at Membertou<br />
• Another happy borrower<br />
standing on his lot with his<br />
plans<br />
©2008 FNMHF
<strong>First</strong> <strong>Nations</strong> <strong>Market</strong> <strong>Housing</strong> <strong>Fund</strong> – Credit<br />
Enhancement<br />
• Craig`s new house<br />
©2008 FNMHF
<strong>First</strong> <strong>Nations</strong> <strong>Market</strong> <strong>Housing</strong> <strong>Fund</strong> – Credit<br />
Enhancement<br />
• Membertou was the first <strong>First</strong><br />
Nation to renovate an<br />
existing home.<br />
• A bathroom and bedroom<br />
were installed in the<br />
basement to increase the<br />
livable space<br />
©2008 FNMHF
20<br />
Building Capacity<br />
• <strong>Housing</strong> Committee training<br />
• Enhanced Arrears Management training<br />
• <strong>Housing</strong> Policy Revisions<br />
• Land Use Plan<br />
• Zoning By-law<br />
• Residential Construction Standards Policy<br />
©2008 FNMHF
21<br />
Building capacity continued...<br />
• GIS Training<br />
• CAPA Courses<br />
• Financial Policies – ISO and FAL compliant<br />
• AFOA Courses<br />
• Capital plans<br />
• <strong>Housing</strong> strategies<br />
• Technical training – water, oil and gas<br />
©2008 FNMHF
22<br />
The words of Chief Fred Rabbit Carrier<br />
Siksika, July 2012<br />
Siksika Nation welcomes the opportunity to work in<br />
partnership with the <strong>First</strong> <strong>Nations</strong> <strong>Market</strong> <strong>Housing</strong><br />
<strong>Fund</strong> to provide home ownership to our Nation<br />
citizens. I believe this initiative is a step in the right<br />
direction to address the backlog of homes needed on<br />
<strong>First</strong> Nation lands and with ours in particular.”<br />
©2008 FNMHF
23<br />
THANK YOU!<br />
1-866-582-2808<br />
Direct Line: 1-613-740-9931<br />
Thank you<br />
info@fnmhf.ca<br />
www.fnmhf.ca<br />
dtaylor@fnmhf.ca<br />
©2008 FNMHF
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