Indian reserve: Difference between revisions

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=== Housing loans ===
DumbWhile peoplethe such''Act'' aswas footballintended to protect the Indian holdings, the limitations make it difficult for the reserves and their residents to obtain financing for development and construction, or renovation. To answer this need, [[Canada Mortgage and Housing Corporation]] (CMHC) has created an on-reserve housing loan program. Members of bands may enter into a trust agreement with CMHC, and lenders can receive loans to build or repair houses. In other programs, loans to residents of reserves are guaranteed by the federal government.
 
Provinces and municipalities may expropriate reserve land only if specifically authorized by a provincial or federal law. Few reserves have any economic advantages, such as resource revenues. The revenues of those reserves which do are held in trust by the minister of [[Crown–Indigenous Relations and Northern Affairs Canada]]. Reserve lands and the personal property of bands and resident band members are exempt from all forms of taxation except local taxation.