General · 17th January 2011
The project has reached a critical point – the first two units are occupied by happy people, and the third & fourth unit construction is proceeding well – there is only one problem, and it is an important one:- we are running out of money!
Let’s look at the recent efforts to raise money – a total of $200,000 from the community to date. There are 36 members of the $1000 Club, and other donations totaling over $94,000 have been received from individuals. Other extremely important help has been received from Quadra businesses in the way of donated materials, equipment and time – estimated at $50,000..
The project received a real boost from the Job Creation Partnership of the BC Ministry of Housing & Social Development whereby three workmen and the lead carpenter are being paid by this Ministry. An estimate of the total value of this help is $125,000 – invaluable assistance! The original end-date of this program was extended to allow work to continue on the second duplex, and this led your Board of Directors to decide to go forward with the second duplex, realizing that extra money would be required. A private mortgage was arranged for $150,000, and this money will be almost exhausted by the end of January.
An additional $75,000 is required to complete the second duplex to occupancy. This money is needed by February to keep the project running! Individual fundraising activities that typically bring in $2 to 4 thousand dollars are just not going to do it.
Now is the time for those who can afford to and have not yet donated to make a major contribution! The Quadra Island Seniors Housing Society is a registered Charitable Organisation, and receipts are available for tax-deductible donations. Please make 2011 the year you help to save this essential community project. You’ll get a warm feeling in your heart, and if you wish, recognition from the community for your generosity.
Application forms are available now for the 3rd and 4th units with a deadline for accepting these applications of February 15th with occupancy expected sometime in April.
–if interested or you know someone who is, contact a board member.
The most recent donations are $91 from the Landing Pub, and Viken’s donation back of 100% of their charges for looking after the garbage, instead of the 15% they offered before. Thanks to these businesses.