A Long Term Relationship Between The Td Branch And The Lower Kootenay First Nations Essay
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This report aims to build a long-term relationship between the TD branch and the Lower Kootenay First Nations, and that helps TD to have a general overview of the band. I will detail the reasons why we should start and develop the on-reserve home loan program. Also, this report will provide some related information such as the background of the band, land management, housing principles, cultural sensitivities, and two options of the program. At the end of the report, I will give some recommendations on the ways to approach the band and how we can gain support from them.
WHAT IS THE ON-RESERVE HOME LOAN PROGRAM
The First Nation people do not have “ownership” of lands and the reserve lands are held in trust for bands by the Crown. According to the Indian Act, the reserve land “is not subject to charge, pledge, mortgage, attachment, levy, seizure, distress or execution in favour or at the instance of any person other than an Indian or a band” (Cherniak, 2001), meaning that aboriginal people cannot use lands as collateral for applying for housing mortgage.
Under this situation, there are some issues on the reserves. Due to the limitation of the on-reserve housing market and contaminated water supplies, some Aboriginal people live in the closed communities with high instances of poverty, substance abuse, suicide, unemployment, and mortality. Therefore, improving the development of on-serve housing market is becoming more and more important (Hanson, n.d.).