VICTORIA – A $380,000 grant from the
Province’s Housing Endowment Fund is enabling the
Cortes Island Seniors Society to begin the construction of six new
cottages for seniors.
“These homes will provide Islanders with high quality
and affordable seniors’ housing,” said
Minister responsible for Housing, Rich Coleman. “The
Province invested $250 million in the Housing Endowment Fund so
organizations such as the Cortes Island Seniors Society can try
innovative new programs that are not traditionally available for
funding.”
The six cottages are being built on a site owned by the Cortes
Island Seniors Society and will offer affordable housing for low to
moderate income seniors. Construction is anticipated to be complete
by April 2009. Support services will be provided by the community
and the society anticipates local volunteer support in the
construction of these units.
“Our partnership with the Province will allow us to
effectively support the seniors in our community,” said
Susan Ellingsen, president of the society. “This
project will give seniors the opportunity to live in the community
they helped build. The Cortes community has banded together to make
this project a reality.”
The $250-million Housing Endowment Fund was established in the 2007
provincial budget. The fund generates investment revenue of
approximately $10 million a year, which is used to fund and support
innovative housing solutions. Budget 2008 increased the amount the
Province invests in affordable housing and shelters to more than
$380 million a year, more than three times as much as in 2001.


