Indigenous Community Infrastructure Initiative (ICII)
We lend to new infrastructure projects that are in partnership with, and for the benefit of, Indigenous communities to reduce their infrastructure gap and promote economic participation.
The ICII is a collaborative ļ¬nancing solution that offers low-cost and long-term loans to Indigenous infrastructure projects and combines public funding and/or private and institutional investment to get more infrastructure built.
Offered by Canada Infrastructure Bank
Amount
Low-cost, long-term loans; an investment of at least $5 million and up to $100 million, and not more than 80% of project cost net of grants
Quick eligibility check
Who can apply
These projects must:
- Fall within at least one of the CIBās priority sectors and be located in Canada;
- Provide a direct benefit to an Indigenous community by closing an infrastructure gap or through the meaningful economic participation and ownership of an Indigenous community;
- Generate revenue, but can also be supported by other community revenues;
- Include Indigenous community capital and/or other industry sponsor investment of at least 20% of project capital cost net of grants;
- Represent an investment of at least $5 million and up to $100 million, and not more than 80% of project cost net of grants; evidence that no other lender will provide ļ¬nancing at terms and conditions that make the project viable; and
- Be new or represent signiļ¬cant upgrades to existing infrastructure.
About the funding
The ICII is a collaborative ļ¬nancing solution that offers low-cost and long-term loans to Indigenous infrastructure projects and combines public funding and/or private and institutional investment to get more infrastructure built.
Represent an investment of at least $5 million and up to $100 million, and not more than 80% of project cost net of grants; evidence that no other lender will provide ļ¬nancing at terms and conditions that make the project viable; and
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| Apartment Construction Loan Program: Seniors Rental Housing | Loan | Up to 100% loan to cost for residential space and up to 75% loan to cost for non-residential space, with up to a 50-year amortization period | Open |
| Apartment Construction Loan Program: Standard Rental Housing | Loan | Low-cost loan of up to 100% loan to cost for residential space and up to 75% loan to cost for non-residential space, with up to a 50-year amortization period | Open |
| Apartment Construction Loan Program: Student Housing | Loan | Low-cost loan of up to 100% loan to cost for residential space and up to 75% loan to cost for non-residential space, with up to a 50-year amortization period and a fixed interest rate | Open |
| BDC Commercial real estate loan | Loan | Typically starts at $100,000 and can go up to several million dollars | Open |
