Villa Cathay is fortunate to own the site at 970 Union Street in Vancouver, and we’ve been successfully operating our care home for more than 40 years. With a highly committed and dedicated Board of Directors, now is the time for a bold vision. Soon to become the largest residential care community in Vancouver, the new Villa Cathay will be home to 224 seniors.
In addition, our modernized “green” home not only complies with all licensing regulations, but also meets the LEED Gold standards. The total investment for this project is $73 million. In addition to our own capital reserve contribution, we have secured both a construction loan from a lender and a future operating agreement with Vancouver Coastal Health that will cover mortgage payments.
Now, Villa Cathay just need to raise an additional $5 million from our community to cover the final project costs. That $5 million is what will be needed to change the new Villa Cathay into a home where quality senior care is never compromised. Because Villa Cathay is a charitable organization, there are many ways for you to partner with us on this project. There are opportunities for recognition for you, your family, a loved one or your organization within the new Villa Cathay Care Home.
Join us today, and help contribute to this amazing charitable gift for the Chinese seniors in your community.