The steady and successful progression of Pennock Village’s development has been shaped by selfless contributions & valuable insight of many experienced individuals, each offering assistance in their field of expertise. Here’s why Bruce Vanderwees, Treasurer of the Board, chose to become involved:
Bruce Vanderwees stepped into the project over three years ago as Treasurer. He was intrigued about plans of a specified place for rural residents to age, within their own community.
“My wife and I have been residents of Oliver Paipoonge for many years. I was looking for something to be involved in – finding that I had some extra time – and this was a way to give back to the community.”
Bruce has been tasked with setting up a financial system towards the project, to ensure a viable flow of funds as the development began and steadily continues today. He also works alongside a bookkeeper to ensure that the overseeing not-for-profit corporation (NWORCSVI) meets the financial guidelines of a charity, under the CRA.
“I was very interested in the Life Lease approach, having an aunt who lived in a Life Lease community in southern Ontario. She was able to maintain most of the principle from the sale of her home while residing there. It was a very positive housing experience for her.”
Bruce enjoys planning and volunteering alongside the rest of the Board and other individuals involved. He is encouraged by the positive feedback from the community as things progress.
“Many families have strong ties into this community and, up until now, the only alternative for them as they aged was to move towards city dwelling. This may present struggles towards staying in touch with rural family & friends, leading to greater risk of loneliness & isolation. Life Lease living may be new to our area, but an aging-in-place development in the community of Oliver Paipoonge makes so much sense,” adds Bruce.
“That, and as my wife and I age we will also be looking towards retirement options!”
Bruce Vanderwees
Treasurer, Pennock Village