Latest news with #IndigenousDevelopment
Yahoo
28-07-2025
- Business
- Yahoo
First Nations Bank reaches funding deal for Whistler development
WHISTLER — First Nations Bank of Canada says it has reached a deal to help fund a new Indigenous-led development in Whistler, B.C. The money is going to Lil'wat Business Group to help it build Tseqwtsúqum, a housing and commercial space planned for the Function Junction neighbourhood of the mountain town. Funding is coming through the Indigenous Land Development Program that First Nations Bank is running in partnership with the Canada Infrastructure Bank. The federal agency agreed last year to put up to $100 million to support the program, which provides below-market rate loans to help Indigenous communities realize their development goals. First Nations Bank did not disclose financial terms of the Lil'wat Business Group deal, but says it is its largest yet under its Indigenous Land Development Program. The bank said in February as it announced the first deals through the program that it had $140 million in projects initially approved, with Canada Infrastructure Bank covering $30 million of the funding. This report by The Canadian Press was first published July 28, 2025. The Canadian Press Sign in to access your portfolio
CTV News
28-07-2025
- Business
- CTV News
First Nations Bank reaches funding deal for Whistler development
The village of Whistler, B.C. is seen as the sun sets on the snow capped mountains. THE CANADIAN PRESS/Jonathan Hayward WHISTLER — First Nations Bank of Canada says it has reached a deal to help fund a new Indigenous-led development in Whistler, B.C. The money is going to Lil'wat Business Group to help it build Tseqwtsúqum, a housing and commercial space planned for the Function Junction neighbourhood of the mountain town. Funding is coming through the Indigenous Land Development Program that First Nations Bank is running in partnership with the Canada Infrastructure Bank. The federal agency agreed last year to put up to $100 million to support the program, which provides below-market rate loans to help Indigenous communities realize their development goals. First Nations Bank did not disclose financial terms of the Lil'wat Business Group deal, but says it is its largest yet under its Indigenous Land Development Program. The bank said in February as it announced the first deals through the program that it had $140 million in projects initially approved, with Canada Infrastructure Bank covering $30 million of the funding. This report by The Canadian Press was first published July 28, 2025.
