First Nations Market Housing Fund - Oct 24

Transcript First Nations Market Housing Fund - Oct 24

Housing Investments in

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Communities

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Click to add First Nation Southern TC and Large/Unaffiliated Click to add date First Nations Meeting - Rama, Ontario October 24-25th 2012

Our Vision

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 ©2008 FNMHF

# of First Nation Applications Received by the Fund / Total # of FNs in each Prov./Territories

(October1, 2012)

0/0 5/14 0/29 16/202 6/47 6/75 6/63 34/134 4/40

5/35

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 ©2008 FNMHF

…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 ©2008 FNMHF

How does the Fund support investments?

7 • • • 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 ©2008 FNMHF

Building Investment Readiness

Financial Administrative, HR, Housing & Ec Dev Policies and Laws FN Community Commitment Education & Awareness Governance at Management & Leaders Level Land Tenure Management System

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.

Access Criteria Supports Greater Investment Readiness

• • 1.

Access Criteria are based on principles, not rules and separated into three main pillars: Financial Management Good Governance Community Commitment and Evidence of Demand for Market-Based Housing First Nation chooses how they best satisfy each principle ©2008 FNMHF

Each First Nation makes choices within parameters:

1st Fund-backed home -Membertou

Interior Reno Project - 2012

FN Renovations Project - 2012

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 ©2008 FNMHF

CAPACITY DEVELOPMENT

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.

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 ©2008 FNMHF

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 ©2008 FNMHF

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 ©2008 FNMHF

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 ©2008 FNMHF

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.

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 ©2008 FNMHF

FN announced for Credit Enhancement as at Oct 1, 2012

• Miawpukek NF • Membertou NS • Lac La Ronge SK • Batchewana ON • • Onion Lake SK Anishnawbek ON • Whitefish River ON • Champagne & Aishihik YK • Sagamok ON • Seabird Island BC • Tk’emlups BC • Moose Cree ON • Serpent River ON • Hiawatha ON • M’Chigeeng ON • St. Mary’s BC • Siksika Nation AB • Tit’q’et BC • Neskonlith BC • Nipissing ON • Wikwemikong ON ©2008 FNMHF

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 ©2008 FNMHF

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 ©2008 FNMHF

Interested in learning more about the Fund?

 Visit our website www.fnmhf.ca

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.”

THANK YOU!

1-866-582-2808 1-866-582-2808 Direct Line: 1-613-740-9931 [email protected]

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