IOFP Frequently Asked Questions
How does the IOFP align with BOF’s mandate?
BOF’s mandate includes support for infrastructure projects that advance community and economic wellbeing for Indigenous partners. BOF provides one-window access to Indigenous financing, including the IOFP.
How are Indigenous partners being included in expanding and evolving the IOFP?
BOF is engaging with Indigenous communities to support the evolution of the IOFP to enhance its benefits for Indigenous communities, including a review of financing criteria and the types of guarantees provided Feedback from these engagements is directly shaping program design and delivery.
How will the IOFP be enhanced under BOF’s administration?
The IOFP (formerly ALGP) has supported more than a dozen transformative projects . One example is the Wataynikaneyap Transmission Project, which brought reliable electricity to 17 remote First Nations communities. In July 2025, the Chatham-Lakeshore Transmission Line – owned and operated by Hydro One – announced Caldwell First Nation’s participation in an IOFP financial guarantee of up to $45 million through its business development arm, Northwind Business Development LP. The transaction was part of a 50-50 First Nation Equity Partnership with Hydro One and other impacted Anishinaabe First Nations whose traditional territories are located along the route of the transmission line.
What are examples of projects supported under the program and what is the percentage of Indigenous-owned equity as part of these projects?
Based on engagements with Indigenous partners, starting in the fall of 2025, the IOFP is being enhanced to include additional financing tools, and with the goal of offering one-window access for Indigenous partners seeking infrastructure financing support.
What are the criteria that are used to determine eligibility for financial guarantees under the IOFP? Have there been criteria changes under BOF?
Eligibility for a IOFP financial guarantee requires that applicants be Indigenous-owned entities investing equity in infrastructure projects. Key criteria include:
- A robust financial plan
- Confirmed Indigenous community support (e.g. Band Council Resolution)
- A developed capital stack
- Project agreements and corporate structure
Under BOF, the program has maintained the IOFP evaluation criteria while expanding sector eligibility and offering more financing tools. All eligibility and evaluation criteria are available here.
How will BOF measure success in advancing Indigenous equity participation?
Success will be measured through metrics such as:
- Number of Indigenous-led projects supported
- Funds distributed to Indigenous communities
- Geographic and sectoral diversity
- Long-term community benefits
BOF will also track progress through regular reporting and engagement with Indigenous partners to gauge the progress of the program.
How does the IOFP align with Ontario’s broader reconciliation commitments?
By enabling Indigenous equity participation in infrastructure, the IOFP supports self-determination, economic development, and long-term prosperity for Indigenous communities.
What economic impact is expected for Indigenous communities through expanded participation in the IOFP?
Expanded participation of Indigenous partners is expected to unlock new revenue streams, job creation, and community infrastructure.
Will BOF publish regular updates or impact reports on the Indigenous Opportunities Financing Program?
Yes. BOF will publish regular updates, including investment summaries, impact metrics, and case studies. These will be available on BOF’s website andshared with Indigenous partners to ensure transparency and accountability.
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