First Nations Bank reaches funding deal for Whistler development
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$0 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*No charge for 4 weeks then price increases to the regular rate of $19.00 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.75/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
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.