First Nations Market Housing Fund - Oct 24

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Housing
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Southern TC and Large/Unaffiliated
First Nations Meeting - Rama, Ontario
October 24-25th 2012
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©2008 FNMHF
Our Vision
EVERY FIRST NATION FAMILY
HAS THE OPPORTUNITY TO
HAVE A HOME ON THEIR OWN
LAND IN A STRONG
COMMUNITY
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About the Fund…
• Launched May 5, 2008
• Designed to support market housing arrangements
between First Nations and lenders
• $300 million federal investment
• Intended to leverage $3 billion in on reserve
housing investment across Canada
• Goal is to create 25,000 new homes on reserve
• More than 80 First Nations have applied to date
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# of First Nation Applications Received
by the Fund / Total # of FNs in each
Prov./Territories
(October1, 2012)
0/0
5/14
0/29
LB
16/202
6/63
6/47
6/75
4/40
34/134
5/35
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Success to Date
• 82 applications received from First Nations
• 33 applications approved for Credit
Enhancement and Capacity Building
• 17 First Nations approved for Capacity
Development only
• 8 lenders approved to participate
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…about the Fund
• New tool to create more on reserve housing

Homeownership

Rental units

Renovations
• Respects communal ownership of reserve lands
• Only First Nations can apply
• Developed with input from AFN, First Nation
communities and organizations across Canada
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How does the Fund support investments?
• 10% backstop for housing loans guaranteed
by First Nation governments
• Leverage to negotiate with lenders
- lower interest rates
- reduced program access fees
- risk sharing
- administrative arrangements
• Capacity Development
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Building Investment Readiness
Financial
Land Tenure
Administrative, HR,
Housing & Ec Dev
Policies and Laws
Management
FN Community
System
Commitment Education &
Awareness
Governance
at Management
& Leaders Level
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Building on the success of
Innovative FN Communities
• Gives FN a powerful means to attract investment
in other areas such as schools, water and other
infrastructure – at competitive rates
• Contributes to sustainability of housing –where
individuals pay – thus allowing FN funding to be
targeted elsewhere.
• Housing as an Economic Driver – creates
individual wealth, jobs, improves quality of life
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Access Criteria Supports Greater
Investment Readiness
•
•
Access Criteria are based on principles, not
rules and separated into three main pillars:
1.
Financial Management
2.
Good Governance
3.
Community Commitment and Evidence of Demand
for Market-Based Housing
First Nation chooses how they best satisfy
each principle
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Each First Nation makes
choices within parameters:
• Housing loan types
• Loan characteristics – amortization periods
• Maximum loan amounts
• Lenders
• Guarantee conditions
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1st Fund-backed home -Membertou
2011
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Interior Reno Project - 2012
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FN Renovations Project - 2012
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Profile of First Nations approved to
date for Credit Enhancement
• More than $430 million of housing investment
over 5 years - 33 First Nations
• Homeownership contemplated in all – plus
some with renovations, rentals, elders and
foster homes
• Rural, remote, urban locations
• Small to large size populations – a few
hundred to several thousand members
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CAPACITY DEVELOPMENT
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FNMHF Capacity Development
Program
• Provides support for First Nation communities
that want to use the Fund and meet most
criteria but have areas which require
strengthening
• The Fund’s Capacity Development Program
focuses on the three pillars of the Access
Criteria.
• 50 communities approved so far
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Outcomes of Capacity Development
• Stronger regulatory framework, embraced by citizens,
that guides the delivery of programs and services by
a First Nation government and attracts investments
• Stronger workforce with skills, knowledge and
attributes needed to serve First Nation citizens
• Better informed citizens understanding how their
actions impact their community, making informed
decisions
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What types of services will be
delivered?
• Developing a Regulatory Framework that includes:
•
Updating and implementing housing and finance policies
•
Developing land use by-laws, codes, registries, and security
of tenure
• Accredited training for staff including financial,
technical, housing, economic development & land
management
• Home ownership and rental training sessions
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How are capacity development
needs assessed?
• First Nation performs a self-assessment as
part of the application process
• Fund and First Nation will agree upon needs
and a development plan
• Delivery will be completed by Aboriginal
contractors whenever possible
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What happens when a First Nation is
approved for Capacity Development?
• Letter of Agreement signed, good for up to 3
years
• Identifies areas of financial support from the
Fund in financial management, governance
and community commitment
• As First Nation has time to work on specific
initiatives, the deliverables and timelines are
identified and costed
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Sample of Current CD Support
• Managerial Training for FN Staff
• Customized Sage ACCPAC Training - FN level
• AFOA Course Tuition Fees – First Grad
• Arrears Management process and system
• Toast Masters – Public speaking
• Updating Financial Administration Policies
• Updating and creating new Housing Policies
• Water and Sewer Technical Training – Community College
• Lot Surveys for Market Based Housing.
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Land Tenure - CD Initiatives
• Capital Planning – Engineering studies –
• Land Management Development –

Land Management System

Land - FNs own registry system

Land staff training – on-site - NALMA

Matrimonial Real Property Law
• Comprehensive Community Planning –
• Property Management –

Construction Standards and zoning policies/by-laws
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FN announced for Credit
Enhancement as at Oct 1, 2012
• Miawpukek NF
• Moose Cree ON
• Membertou NS
• Serpent River ON
• Lac La Ronge SK
• Hiawatha ON
• Batchewana ON
• M’Chigeeng ON
• Onion Lake SK
• St. Mary’s BC
• Atikameksheng
• Mississauga ON
Anishnawbek ON
• Siksika Nation AB
• Whitefish River ON
• Tit’q’et BC
• Champagne & Aishihik YK
• Neskonlith BC
• Sagamok ON
• Nipissing ON
• Seabird Island BC
• Wikwemikong ON
• Tk’emlups BC
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Benefits to First Nation
• Expands housing options for First Nations
• Complements existing programs and helps
strengthen systems
• Attracts more private financing and
encourages competition among lenders
• No Ministerial Loan Guarantees
• Promotes creation of a housing market
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Summary of FNMHF Approach
• No fees or service charges for what we do
• Strength for policies, process and people
• Tools are available to improve investment
readiness across the First Nation
• Land Tenure a key feature of a sustainable
approach
• Investments – loan backing and capacity
development funding
• Supports the First Nation’s goals
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Interested in learning more about
the Fund?

Visit our website www.fnmhf.ca

Talk to participating First Nations

Invite us to present to your leadership
and senior staff or to future gatherings we accept all First Nation invitations
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First Nations Testimonials
•
“The Market Housing Fund is an important step for our people. TIB is
always looking at innovative solutions towards meeting sustainable
housing for our membership.”— Chief Shane Gottfriedson (Dec 2010)
•
“We are excited to see our citizens and Community keep moving
forward towards healthier and harmonious families.”
— Chief Shining Turtle (July 2011)
•
“The First Nations Market Housing Fund is the next opportunity in
addressing our housing back log. This is another option for community
membership who want to buy, build, or renovate. It’s more than just a
program, it will strengthen our housing and indeed our community.”
— Chief Sandra Moore (July 2011)
•
“The Seabird Island Band is looking forward to working with the First
Nations Market Housing Fund on another avenue for housing. It has
been needed for a long time.”— Chief Clem Seymour (December 2010)
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©2008 FNMHF
THANK
YOU!
Miigwetch!
1-866-582-2808
1-866-582-2808
Direct Line: 1-613-740-9931
Direct Line:
1-613-740-1381
[email protected]
[email protected]
www.fnmhf.ca
www.fnmhf.ca
[email protected]
[email protected]
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©2008 FNMHF
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