On June 25, 2013, the K'atl'odeeche First Nation approved the designation of six lots by majority vote, allowing Indigenous and Northern Affairs Canada to issue 50-year federal Crown leases over the lots. Also, the NWT Housing Corporation has a loan guarantee for 10 lots for $900,000 with Peace Hills Trust to support previous years' construction of 10 KFN-owned housing units. Upon request of the K’atlodeeche First Nation, the NWT Housing Corporation has agreed to pay out the loan guarantees to Peace Hills Trust in return for ownership and land tenure over the 10 units. On September 10, 2010, the Minister and the NWT Housing Corporation met with K'atl'odeeche First Nations, where they agreed a reserve plan could be designated in favour of federal Crown leases. The KFN was familiar with the practice as they had previously financed commercial developments on the Hay River Reserve through their principal banker Peace Hills Trust. This will allow the NWT Housing Corporation to obtain leases that would secure its investment of housing. Several steps needed to be completed before the lots could be put on a designation vote, such as surveying of the lots, completion of an environmental assessment, and the initiation of the formal designation process by the KFN. On June 25, 2013, KFN approved a designation allowing Indigenous and Northern Affairs Canada to issue their federal leases.
Bob McLeod on Question 78-18(2): Hay River Reserve Housing And Land Tenure Concerns
In the Legislative Assembly on February 29th, 2016. See this statement in context.
Question 78-18(2): Hay River Reserve Housing And Land Tenure Concerns
Oral Questions
February 28th, 2016
See context to find out what was said next.