Developing Community Partnerships for Aging in Place.

Slides:



Advertisements
Similar presentations
Reverse Mortgage Presented to. What is a Reverse Mortgage? o Without Income or Credit Qualification o Without Making Monthly Mortgage Payments o Without.
Advertisements

REVERSE MORTGAGE BASICS. What is a reverse mortgage? A loan available to seniors who either own their home out right or have significant equity in their.
Learn how a reverse mortgage can help increase your retirement income and give you a better quality of life. Presented By: Your Name Your Company Name.
BECOMING HUD APPROVED. Overview  Program Administration  Program Goals and Objectives  Benefits of HUD Approval  Approval Criteria  Housing Counseling.
City of Albuquerque Department of Family and Community Services 2014 HUD Action Plan Public Meeting Tuesday, September 9, 2014 “Be there or be Square”
Reverse Mortgages for Senior Homeowners. Table of Contents  Introduction  Chapter 1 Yesterday, Today & Tomorrow  Chapter 2 Guide to Reverse Mortgage.
Transportation Housing Options Chore Providers Referral Nutrition Programs Legal Assistance Long Term Care Concerns Holiday Meals on Wheels Long Term Care.
FHA - Serving the American Homebuyer Since 1934 Marketing Programs to First Time Homebuyers Kenneth J. Lobene Office Director, Las Vegas HUD Office Lorraine.
Union: Community for a Life Time Planning for the Future The Union County Home and Community Care Block Grant Strategic Planning Committee takes an in-depth.
Money School: Financial Stability Initiative Creating a Straight “A” Future for those we serve.
Great change is made through small steps... Attachment Area Plan Public Hearing Handout.
White House Conference on Aging T h e W h i t e H o u s e.
Reverse Mortgages Explained MHQ Financial Services.
Reverse Mortgages for Senior Homeowners Cindy Stokes Utah State University (adapted from AARP information) (adapted from AARP information)
HECM Protocol Training Program Support Division Office of Single Family Housing Federal Housing Administration July, /8/20151.
FINANCIAL CONSIDERATION$ DURING TRAN$ITION Presented by: Lisa M. Gabriel, CFP ®, ChFC ® President & CEO, Pinafore Wealth Counsel, Inc.
1 A non-profit service and advocacy organization © 2012 National Council on Aging Home Equity as a Financial Resource for Aging in Community Barbara Stucki,
Mile High United Way accountholder Stephanie Wooten.
HHS HUD Housing Capacity Building Initiative for Community Living Programs of the Administration on Aging Department of Health and Human Services.
Home Equity: A Strategic Resource for Long-Term Services and Supports 1 Barbara Stucki, Ph.D. Long Term Care Discussion Group March 26, 2015.
Have you been wondering just what is so special about the Osborn Special Opportunity Action Planning Team ????????????
Materials Developed By: CLARIFI CLARIFI Reverse Mortgages.
Reverse Mortgages.  Welcome  Introductions  Facility information Welcome.
NY StateWide Senior Action Council Improving the lives of Senior Citizens and Families in NYS Maria Alvarez, Executive Director.
Health Wealth Symposium Oakland, CA June 23, 2010 Mark Rukavina, Director The Access Project (617)
MI Choice Nursing Home Transition Program Bailey Sundberg Ferris State University.
Are you looking forward to retirement? 68% of the people surveyed years of age responded yes 87% of the men surveyed were looking forward to retirement.
Harris County Area Agency on Aging Aging and Disability Resource Center.
Tennessee Bar Association “Legal Handbook for Tennessee Seniors” Presented By Tennessee Bar Association Public Education Committee.
Reverse Mortgage Presentation
CDFIs and Affordable Housing Presentation to the North Carolina Affordable Housing Conference: “Housing Works” Donna Fabiani | September 17, 2010.
1 Rebuilding Together Complements and Reinforces Other Affordable Housing Strategies.
1 A non-profit service and advocacy organization © 2012 National Council on Aging National Council on Aging Fifth Annual Financial Literacy Leadership.
BASICS IN REVERSE MORTGAGES Gaetan Chevalier, Reverse Mortgage Specialist, UniTrust Mortgage Inc.
CRISSY NMLS # Presentation for Real Estate Professionals Only HECM for PURCHASE.
HOME EQUITY CONVERSION MORTGAGES Bobby Donaldson
1 NY3 Instructor Training Albany 2009 OVERVIEW. 2 NY3 Instructor Training Albany 2009 WHO ARE WE?
1 United Way of Mat-Su Community Plan Education Children & Youth Achieve Their Potential School Readiness Academic Completion Career & Life Skills Preparedness.
Family Housing Advisory Services, Inc. was chartered as a non-profit corporation by the State of Nebraska in 1968 as the Urban League Housing Foundation,
What is involved in long­term care planning?  Plan  Act  Evaluate.
CICOA Aging & In-Home Solutions July 2013 Results of the 2013 Survey.
Asset Building Strategies Mayors and Working Families: City Human Service Officials May 2, 2005.
1 Secure your financial future with a Reverse Mortgage today! Broker name, logo, etc.
State Health Insurance Assistance Program (SHIP) Grant funded by the US Department of Health and Human Services, Administration for Community Living through.
COMING HOME Presentation to the Council of State Community Development Agencies September 16, 2008 ~ Williamsburg, Virginia Julie A. Stanley, Director.
Advising Clients with Tax and Insurance Deficiency Notices on Reverse Mortgages Home Equity Conversion Mortgage (HECM) Overview February 23,
What Is It, Anyway? Virginia Association of Housing and Community Development Officials February 25, 2008.
AGING & DISABILITY SERVICES DRAFT AREA PLAN ON AGING Presentation to Seattle Planning Commission September 10, 2015 Maureen Linehan, Director.
Thomas P Williams, State Director USDA RURAL DEVELOPMENT SINGLE FAMILY HOUSING INFORMATION SESSION.
The Generations Project Working to inform, educate, organize, and offer creative solutions to rebalance Indiana’s long term care system Established in.
Reverse Mortgage HECM Purchase Program Kevin Walton
Resource Review for Teaching Resource Review for Teaching Victoria M. Rizzo, LCSW-R, PhD Jessica Seidman, LMSW Columbia University School of Social Work.
Committed to providing safe and affordable housing for persons of limited income living in Henderson County.
Empowering Private-Pay Clients to Make Wise Financial Decisions for Long-Term Care: Use of Home Equity Barbara R. Stucki, Ph.D. and Jay Greenberg, Sc.D.
Assets for Independence (AFI) Program Overview Office of Community Services Administration for Children and Families U.S. Department of Health and Human.
USDA Rural Development Connie Baker Wolfe State Director for Wyoming USDA, Rural Development WyoNAHRO Conference Wyoming Rural Development Programs and.
Improving the lives of older Americans Private Pay Consumer Financing Decisions ADRC-TAE teleconference Barbara R. Stucki, PH.D. Director, Use Your Home.
Understanding Home Equity Conversion Mortgages ‏ Discover how to Unlock the Equity in your Home.
How Reverse Mortgages help Aging Seniors By Jessica Bennet ©
U.S. Administration on Aging 1 U.S. Department of Health and Human Services Administration on Aging Dr. Michelle M. Washko, PhD November 18, 2010 – 8:30.
The Livability Index: Great Neighborhoods for All Ages
Supportive Services for Veteran Families
How can a reverse mortgage help? Uses for a reverse mortgage What is a HECM? How can a reverse mortgage help? Uses for a reverse mortgage Learning.
Reverse Mortgage HECM Purchase Program
Winston-Salem Regional Association of Realtors & Community Partners
Introduction to Reverse Mortgages FOR THE CONSUMER
Supportive Services for Veteran Families
Using Reverse Mortgages to Fund Longevity
Presentation transcript:

Developing Community Partnerships for Aging in Place

SC Aging in Place Coalition  Our Mission: We are a South Carolina non- profit organization advocating for people to prepare to remain at home---independently, comfortably and safely.

SC Aging in Place Coalition  Our Vision All People who desire to remain at home as they age can do so.

SCAIP 2005 Initiatives  Transportation Task Force  Education & Public Relations Task Force  Partnership/Service Task Force

SC Aging in Place Coalition  Members of the Aging in Place Council headquartered in Washington, DC

What is Aging in Place?  Independence, comfort, safety  It’s not having to move from one’s present residence in order to secure necessary support services in response to changing need.

Aging in Place--Issue  Older adults prefer to age in place  Unprepared to do so—lack: * Knowledge * Resources * Residences need repairs and modifications

What it takes to age in place successfully  Thought  Planning  Resources  Action

Four Building Blocks of AIP  Healthy Living  Livable Homes  Legal & Financial Resources  Supportive Relationships

Aging in Place - Barriers  Lack of published information/personnel  Lack of funding to repair/modify homes

Share of Total Improvement Spending by Generation

Source: "Mature Adults in South Carolina",Columbia, S.C.(2003) U.S. Personal Bankruptcy Among Age 65+

Reasons for Personal Bankruptcy  Insufficient retirement funds  Low interest rates on savings  Stock market losses  Climbing medical bills  Major home repairs  Loans & gifts to family members

Aging in Place - Barriers  Medicaid bias toward institutional care

S.C. FY 2003 Medicaid Expenditures

Aging in Place - Barriers  Universities, government, non- profits and private service providers function in separate silos

Aging in Place--Silos Universities Government Non-profits Private Sector Aging in Place

Aging in Place-Workable Solutions  Create a coalition of government, academic institutions, non-profits and private sector service providers to help older adults age in place.

Aging in Place-Workable Solutions  Develop a community directory of AIP resources and programs and present to neighborhoods as part of an outreach program.

Aging in Place-Workable Solutions  Share access to information and resources available from the gerontology departments of major research universities and coalition partners to educate the public on the latest aging in place technology.

Developing Community Partnerships  Identify key players.  Share the vision  Select a “first” shared project.  Recognize/celebrate successes.  Develop new partnerships and projects

Key Players- SCAIP Coalition  Local, State Federal Gov. agencies  Academic Institutions  Non-profit organizations  Hospice & Home healthcare providers  Legal and Financial Professionals

A Typical Small AIP Partnership Project  Trident Technical College—grant PHILE (Promoting Home & Indep. Living by the Elderly).  Identified need for home ramp  Faith based volunteers  Building material donated

A Larger AIP Partnership Project  City has HUD $ for elderly housing  Family Services Credit Counseling  Homeownership Center Workshop  Home Care Agency—help with ADLs  FHA Home Equity Conversion Mortg. repaid city.

How the Financials Worked  Home Appraised value $160,000  City spent $43,000 to rehab.  City is repaid $43,000 from HECM  City uses the funds for next home.  Homeowner receives $ tax free monthly income from HECM for home care and living expenses.

Stucki,Barbara, Phd.(2005). "Use Your Home to Stay at Home", Washington, D.C., NCOA. 26 Expected Outcomes  An est. $953 Bil. From public & private funds available for: + in-home services + repair/modify homes + transportation services +socialization and supportive relationship

Expected Outcomes  More older adults could remain in their current residences □ Older adults would benefit from higher home values once repairs are made.

Stucki, Barbara, Phd.(2005),"Use Your Home to Stay at Home", Washington,D.C., NCOA 28 Expected Outcomes  Cost savings for Medicaid by shifting funding to home and community based services could exceed $4.86 Bil. By 2010.

Invitation to continue the conversation on AIP  Every community/rural population need help with AIP.  We have an opportunity to share our information & resources.  Let’s begin the discussion!

S.C. Aging in Place  Q & A

Learn more about aging in place  AIPC, Washington, DC  SCAIP, Paul Franklin, Charleston, SC  Senior Resource Center □ NAHB Research Center/National Center for Seniors’ Housing Research

Livable Homes--Resources  AARP  Safe Homes  The Center for Universal Design, NC State University.

Legal & Financial--Resources  National Council on Aging-Benefits Checkup  American Asso.Long Term Care Ins.  Reverse Mortgage Lenders Asso. website   Franklin Funding website