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Finding Housing Opportunities for People with Disabilities Federal Reserve Bank of Dallas – The DOF September 14-15, 2011. THE BUCK STARTS HERE. Disabilities 101. PROVIDE INNOVATIVE CAPITAL -bridge & term loan products -co-lending -gap financing -predevelopment -acquisition
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Finding Housing Opportunities for People with Disabilities Federal Reserve Bank of Dallas – The DOF September 14-15, 2011
THE BUCK STARTS HERE Disabilities 101 • PROVIDE INNOVATIVE CAPITAL • -bridge & term loan products • -co-lending • -gap financing • -predevelopment • -acquisition • -construction • -rehabilitation financing • ORGANIZE THE MARKET • ENGAGE IN PUBLIC DIALOGUE The RISE Fund provides innovative financing and advisory services to individuals and organizations that develop housing for people with disabilities. www.thedof.org info@thedof.org
PUT THE “PERSON” FIRST NO YES Disabled Person Handicapped Confined to Wheelchair The Disabled “Retard” “Crazy” or “Psycho” Person with Disability Physically Challenged Wheelchair User People with Disabilities Person with Developmental Disability Person with Mental Illness www.thedof.org info@thedof.org
Title II 7
Education Law
The Disability Opportunity Fund presents THE BUSINESS OF HUMAN DIVIDENDS THEN www.thedof.org info@thedof.org
NOW www.thedof.org info@thedof.org
ASSET DEVELOPMENT
IDA EITC ABLE ACCOUNTS
21 Million 18-65
EMPLOYMENT 37% vs. 79% 17
12 million SSI/SSDI 18
Autism 1 in 100 20
25% of Americans between 65-74 yrs have one or more disabilities 50% of Americans over 75 yrs have one or more disabilities
For the Disabled, Age 18 Brings Difficult Choices May 14, 2008
RELIANCE ON GOVERNMENT-ONLY SOLUTIONS SHRINKING
ROLE OF FAMILIES INCREASES
Community Development Financial Institutions in the United States 957 Certified Community Development Financial Institutions as of 8/31/2011 NEW YORK 80 TEXAS 40
Community Development Sources of Capital Government Foundations Financial Institutions Socially Motivated Investors $ Community Development Financial Institution (CDFIs) and other intermediaries Equity & Debt Financing Fin. Return & CRA credit Community Impact $ Affordable Housing Charter Schools Child Care Centers Users of Capital Small Business Community Facilities Other CD Purposes www.thedof.org info@thedof.org 33
The DOForganizes the market by investing in socially responsible“disability” investments.
Finding Housing Opportunities for People with Disabilities Federal Reserve Bank of Dallas – The DOF September 14-15, 2011 516-465-3741 www.thedof.org