Not-for-profit Life Lease project discussed by Manor partners
Manor and Spruce Side Manor will operate as not for profit. Maple Manor donated land valued at 80000 dollars for the Life Lease project with the vendor's community investment note. Clayton Swanton explained the Life Lease mechanism and trust fund safeguards through Concentra Trust with withdrawal rules. Gerry Wieler from Catalyst Credit Union described its role in supporting economic development and funding options for entrance fees and construction, urging timely board support.
MENTIONED IN THIS ARTICLE
Spruce Side Manor
Maple Manor
Clayton Swanton
Swanton
Manitoba
Concentra Trust
Dauphin
Gerry Wieler
Catalyst Credit Union
CCU
Mountain View Villa
Wieler
Accessible one and two bedroom units offered with fees
The listing shows accessible one bedroom at 778 sq ft for 100000 buy in and 1085 monthly fees, and accessible two bedroom at 1040 sq ft for 125000 buy in and 1450 monthly fees. Regular units include the same 778 sq ft and parking utilities and taxes are included in rent.
Spruce Side Manor Q and A Highlights Tenant Costs and Concerns
At the Spruce Side Manor information meeting residents questioned parking, pet policy, rent increases under the Residential Tenancies Act, and the $1,000 refundable commitment to hold a unit. The board outlined timelines, unit interest targets, backup power, financing links to Manitoba Housing, and comparisons with Apple Lane Gardens.
MENTIONED IN THIS ARTICLE
Spruce Side Manor
Hodgkinson
Keeler
Swanton
Colin Knight
Mountain View
Dauphin
Manitoba Housing
Apple Lane Gardens
Roblin
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