OTTAWA, Aug. 15 /CNW Telbec/ - Ontario's first trust agreement under
Canada Mortgage and Housing Corporation's (CMHC) On-Reserve Homeownership Loan
Insurance Pilot was signed today by the Wikwemikong Unceded Indian Reserve and
CMHC, on behalf of the Government of Canada.
This agreement provides enhanced access to homeownership loan insurance
to First Nation members of the Manitoulin Island reserve.
"Today's agreement will improve the availability of market housing for
this First Nation community. It will expand access to homeownership financing
by further facilitating the flow of private-sector lending for housing
purposes," said the Honourable Monte Solberg, Minister of Human Resources and
Social Development and Minister Responsible for CMHC. "This agreement will
help expand the benefits of market housing to the Wikwemikong and can serve as
a model for other First Nations communities across the country who are looking
for new ways to help their members enjoy greater access to homeownership."
CMHC's On-Reserve Homeownership Loan Insurance Pilot supports the
Government of Canada's commitment to work with Aboriginal peoples on a
comprehensive and transformative approach that will allow them to meet their
housing needs over the long term.
"Our community believes that this agreement broadens our housing options.
This pilot project allows qualifying Band members to apply for independent
financing so that they can realize their housing goals," said Chief Robert
Wikwemikong has been taking advantage of various CMHC programs for more
than 15 years to help address their housing needs. For example, they have
built more than 300 units of assisted housing, and they are breaking ground on
a 30-unit assisted housing apartment building - the largest multi-unit project
ever under CMHC's On-Reserve Non-Profit Housing Program in Ontario. They have
successfully used training programs on mold remediation to address problems on
the reserve and shared that knowledge with other bands to help them manage
their mold issues.
The Pilot product is just one of a number of tools available to help
First Nations pursue market housing objectives. Earlier this year, Canada's
New Government announced the First Nations Market Housing Fund to provide
additional financing options to First Nation communities. These are two ways
in which this government is working to provide First Nations on-reserve with
the same housing opportunities and responsibilities as other Canadians.
Canada Mortgage and Housing Corporation (CMHC) has been Canada's national
housing agency for more than 60 years. CMHC is committed to helping Canadians
access a wide choice of quality, affordable homes, while making vibrant,
healthy communities and cities a reality across the country.
Additional information about the operation of the On-Reserve
Homeownership Loan Insurance Pilot is available on CMHC's website at
For further information:
For further information: Kristen Scheel, CMHC Media Relations, (613)