April 2024 - A Betrayal of Trust: - Exploring the Financialization of

e xplore the extent to which what happened can be conceptualized as a form of organizational ‘elder abuse.’1 The case of the sale of Lions Place represents both a major net loss of afford- able housing and an example of the targeted dismantling of community for older adults in Winnipeg. [...] The foundation of that trust was the Lions mission and values, their non-profit and charitable status, and the designation (until recently) of Lions Place as a building for persons over 55 years of age. [...] 4 Canadian Centre for Policy Alternatives–MB Our research further indicates a demonstrable lack of due diligence by LHC to find alternatives to the sale, which, in the context of the lack of other similar options for many of the low and fixed-income tenants, can also be regarded as an abuse of power and trust. [...] (Former staff person) Exploring the Financialization of Lions Place in Winnipeg as a Case of Organizational Elder Abuse 27 Impacts on Tenants’ Well-being and Community The TenanTs appreciaTed and were drawn to the stability and security of the community at Lions Place. [...] It was evident that the entire building was considered home by how participants spoke of the building (e.g., as “verti- cal village”), as well as in their investments of time and energy into careful keeping and use of the common, display, and seating areas of the building.