Valley Manor’s redevelopment project continues to forge ahead and the new funding announcement delivered by Minister of Long Term Care Merrilee Fullerton on Thursday September 3rd at Valley Manor confirms just that.
The new LTC funding model is such a game-changer: jump-starting the Valley Manor redevelopment project by 4.3 million plus an upfront planning grant based on a percentage of the total cost of the project.
This new Funding Model is extremely beneficial for Valley Manor’s development project as there is new funding based on the demographics of the home and moves away from a one-size fits all approach which made the project more complex and challenging.
Barry’s Bay is defined as a “Rural centre” with a core population of less than 10,000 people, therefore, Valley Manor will be funded in that category.
Valley Manor does qualify for a Grant based on a percentage of total project costs.
This grant will be provided up front to expedite the redevelopment process.
Additionally, Valley Manor is constructing the new home based on a 60% Basic room, 40% private rooms model to meet the needs of the community that it serves. The Ministry will provide increased funding for the increased basic room percentages.
This new funding announcement is a victory for Valley Manor and the next step is to sit down with Infrastructure Ontario to review the new numbers working the IO Long Term Care loan plan.
The pandemic has directed the Ministry’s attention to long term care and the Ministry is responding swiftly to get these LTC homes built for the senior population now and in the future.
Acknowledging that our most vulnerable seniors who have worked all of their lives raising their families and contributing to the success of our province should be respected and acknowledged in their golden years. They were once us and they deserve to reap the rewards of their contributions to our province with dignity.