A CBC News report found that the First Nations Market Housing Fund has helped build just 99 homes so far; some way off the 25,000 it proposed to build by 2018.
The chair of the board of trustees John Beaucage had admitted that they will not hit the target.
The scheme was launched in 2008 by the Harper government and offers fund-backed mortgages for eligible applicants to build their own homes; however, the take-up has been low.
Part of the issue is scepticism among First Nations about market-driven housing with concern about being able to sell their properties on reserves that are often sited close to other housing markets.
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The government’s $300 million Aboriginal housing fund has done little to achieve its aim of building thousands of homes promised by the program.