Natives and Property Rights
Thursday, November 19, 2009
It has long been a problem of the Native nations that their members could not own land on the reserves. All land was communally owned thus no individual could leverage their home for a loan. This prevented Natives from being able to start businesses or otherwise invest in their community.Now in BC, at least one tribe is trying something different. The Treaty nation of Nisga'a has decided to allow its members to sell and mortgage their homes.
Hats off to the Nisga'a. It would be interesting to see how much this will improve their community.
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