Canada Infrastructure Bank and First Nations Bank of Canada create first-of-its-kind loan product – NetNewsLedger
March 8, 2024
THUNDER BAY – BUSINESS – The Canada Infrastructure Bank (CIB) has entered into a $100 million loan participation agreement with the First Nations Bank of Canada (FNBC) to accelerate community master plans in First Nations, Métis, and Inuit communities.
This first-of-its-kind agreement, between FNBC and the CIB, creates a financing solution which supports economic and community growth through residential, commercial or industrial developments.
Indigenous communities will have access to financing at affordable rates and flexible terms to unlock development that supports improved living conditions, new economic opportunities and housing.
