Ar Ariz izon ona Loa oan$ for or As Assis istiv ive - - PowerPoint PPT Presentation

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Ar Ariz izon ona Loa oan$ for or As Assis istiv ive - - PowerPoint PPT Presentation

Ar Ariz izon ona Loa oan$ for or As Assis istiv ive Technology ology Independence is priceless; we make it affordable AzLAT Az AT is a ser ervice ce of th the Ariz rizona Te Techno hnology A y Access Pr Program NORTHERN


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SLIDE 1

Ar Ariz izon

  • na Loa
  • an$ for
  • r As

Assis istiv ive Technology

  • logy

Independence is priceless; we make it affordable

  • Az

AzLAT AT is a ser ervice ce of th the Ariz rizona Te Techno hnology A y Access Pr Program

  • NORTHERN ARIZONA

UNIVERSITY C

  • l

l e g e

  • f

S

  • c

i a l & Behavioral S c i e n c e s

INSTITUTE/or

H u m a n D e v e l

  • p

m e n t

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SLIDE 2

Az AzTAP AP is a Phoenix-based

program of the Institute for Human Development at Northern Arizona University

Az AzTAP AP’s Mission: To connect people with disabilities with the as assis istiv ive te technolo logy gy they need to participate as fully as possible in activities that matter to them.

A i

" f i

ARIZONA

Technology Access Program

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SLIDE 3

Az AzTAP AP Ser ervices es:

  • Pr

Provide I e Inf nformati tion & n & A Assista tanc nce

  • Dem

Demons nstrate AT devices

  • Co

Consultations to help individuals find the right technology for their needs

  • Lend

Lend o

  • ut

ut devices for short term use

  • Operate On

On-lin line Equip ipment Reuse programs

  • Tr

Training, Ed Educ ucation & n & T Tec echni hnical As Assistance to individuals,

  • rganizations, agencies and

businesses

  • Provide affordable

Fin Finan ancial ial Loan an$ to help people buy technology

1 2

A i

f J

ARIZONA T e c h n

  • l
  • g

y A c c e s s Program

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SLIDE 4

AzTAP Offers A Statewide Financial Loan Program

Ar Arizona Loan$ For As Assistive e Tech echnology

  • Financing assistive technology for use by a person with a

disability to:

  • Support independent living,
  • Access education
  • Enhance community integration
  • Facilitate engagement in activities of one’s own choosing
  • Achieve improved quality of life.

Az]

ARIZONA

Technology Access P rogram

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SLIDE 5

AzLAT –Background Information

  • Began making loans in 2003
  • Funding from federal and

private sources

  • Partnership of:

NAU/IHD/AzTAP – Program Management/Oversight

Arizona Community Foundation – Asset Management MariSol Federal Credit Union – Lender Consumer-Controlled Review Board – Loan decisions

A i

f J

ARIZONA T e c h n

  • l
  • g

y A c c e s s Program

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SLIDE 6

How the loan process works!

Client applies for a loan MariSol underwrites the application for ability to repay and credit worthiness Advisory Board Loan Review Committee reviews loan for AzLat loan criteria and credit review Loan is approved or denied MariSol funds approved

  • loans. Client

will become a member of MariSol.

\

j

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SLIDE 7

Loan Eligibility

  • Be a US and Arizona resident
  • Use the loan to buy assistive technology by OR

OR for a person with a disability

  • Demonstrate abilit

ability to rep epay ay the e lo loan an through gh suffic icien ient mo monthly ly in income me an and cred edit it wo worthin ines ess

  • Be able to repay the loan by direct debit from a

checking or savings account

Az]

ARIZONA

T e c h n

  • l
  • g

y A c c e s s P r

  • g

r a

m

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SLIDE 8

Key Program Elements

Cr Credit Cr t Crite teria:

  • Loan amounts-$500 to $20,000
  • Flexible terms – 12- 60 months
  • Low interest rate 4.5% (rate reviewed

annually for market)

  • No income floor OR

OR ceiling

  • Not credit score driven
  • Approval or denial is made by Advisory

Board Loan Review Committee – Not at MariSol.

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MafisO

I

Federal Credit Union Solutions

Az]

ARIZONA T e c h n

  • l
  • g

y A c c e s s Program

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SLIDE 9

The Advisory Board-Loan Review Committee (AB-LRC)

  • Serves as AzLAT’s decision-making body.
  • Establishes, reviews & revises AzLAT’s lending

policies and procedures.

  • Reviews, approves, denies loan applications or

loan modifications.

  • Advisors to the loan guarantee fund at the

Arizona Community Foundation.

  • The AB-LRC meets on a monthly basis or more

as needed.

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SLIDE 10

Loan funds CAN be used for:

  • Assistive Technology Services:
  • Evaluations, installation, training,

repairs to existing device

  • Assistive

Technology Devices:

  • Mobility

products

  • Computer

related

  • Vision
  • Hearing
  • Speech

communication

Azl

ARIZONA T e c h n

  • l
  • g

y Access P rogram

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SLIDE 11

Loans funds CAN be used for:

  • Home modifications
  • Vehicle modifications
  • Daily living
  • Learning/cognition
  • Recreation
  • Environmental controls

Ai~

A RIZONA

T e c h n

  • l
  • g

y

Access Program

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SLIDE 12

Loans: Bathroom Renovation

Be Before re Af After er

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SLIDE 13

Loan funds CA

CANNOT be used for:

  • Vehicles (cars, trucks, etc.) (MariSol FCU can do

these loans under their loan programs)

  • Monthly utility costs, (electricity, water, cable,

internet)

  • Real estate (MariSol FCU can do these loans

under their loan programs)

  • Lease agreements (office, vehicles, equipment)
  • People (caregivers or staff, service animals)

Az]

ARIZONA

T e c h n

  • l
  • g

y A c c e s s P r

  • g

r a

m

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SLIDE 14

Benefits of working with MariSol FCU

  • MariSol is a Community

Development Financial Institution (CDFI) who serves low/moderate income groups!

  • Clients get access to

affordable financial services such as checking accounts

  • Clients get access to all the

loan and savings products

  • ffered by MariSol.

Mission Statement Empowering our members through financial inclusion by access to affordable and equitable financial solutions. MariSol Contact Information: Robin Romano - CEO 602-252-6831 ext 120 robinr@marisolcu.org Melanie Lewis – Chief Lending Officer 602-252-6831 ext 106 mlewis@marisolcu.org

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Marisi>I

F e d e r a l C r e d i t U n i

  • n

Solutions

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SLIDE 15

AzLAT Consumer Support Services*

  • Assist applicant to properly complete the loan

application package

  • Assist applicant to identify other potential funding

sources for assistive technology

  • Guidance/recommendations for selection of assistive

technology devices

  • Assist in identifying and locating vendors
  • Resources for resolving credit report issues
  • Options for avoiding default if payment problems
  • ccur

* optional – consumer choice

Az]

ARIZONA T e c h n

  • l
  • g

y A c c e s s P r

  • g

r a m

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SLIDE 16

Application Information

  • Pe

Person w n with d h disability – ty type e of dis disabilit bility; rela latio ionship ip to bo borrower

  • Bo

Borro rrower( r(s) pers rsonal data

  • AT

AT Requ quested d and d how AT AT will ill be be us used

  • Ve

Verif ific icatio ion of Income sources, em employmen ent, t, SSI/SSDI DI, , SS, , pe pensio ion, child ild suppo pport, etc.

  • Fi

Finan anci cial al obligat ations – cr cred edit t car car de debt bt, car lo loans, mortga gage ge/rent, ju judgments, liens, bankruptcy info if if applic pplicable ble, etc.

  • Cr

Credit Report obtained

  • Ba

Bank account informa rmation

  • To

Total amount requested fo for the AT AT lo loan; total l cost of equ quipm ipment

  • Wr

Written price quote from ve vendor

ARIZONA LOANS for ASSISTI VE TECHNOLOGY

MariSol Federal Credit Union Loan Application

lo,.,~,

,""~

!DNumber. All information on this application form is strictly confidential and will only be used to determine your need for and ability to repay this loan. Borrowers must demonstrate the ability to repay the loan Completion of this form does not guarantee that a loan will be granted. Please print or type; Nameofperson with a disability: --- -----
  • ~ Age:
_ _ Describe the disability of the person who will be using the assistrve technology: __ Please check the box that best describes the relationship between the person with a disability and the borrower(s):0 SELF O SPOUSE/PARTNER O PARENT O CHILD 0 GUARDIAN D Other (specify) ___________ _ Explain how the assistive technology devices/equipment will affect independence. education, and/or employment (please be specific): _ _ ____ __ _ 4. Describe the type of assistive technology equipment or service to be purchased (use specific item brand names):. _ ___ _____ ___ __ _ 5. Total loan amount requested$

____

. You must attach an itemized price quote from each vendor regarding the device(s) you intend to purchase with this loan. Initials:

Az]

ARIZONA

Technology Access Program

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SLIDE 17

AzLAT Application & Information

  • Call or email Martha

Lewis

  • 602-776-4670(voice)
  • 602-728-9536 (TTY)
  • 800-477-9921
  • Martha.lewis@nau.edu
  • Download the

application from AzTAP Website: www.aztap.org

(menu tab: AT Funding)

A Statewide, Phoen,x bo5ed program of the

Institute for Human Development at NORTHERN ARIZONA UNIVERSITY AT fund1.ng AT EduciltJ.On AT Confennce AT Re10Wce1 Cont.ct U1

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Arizona Loan$ for Assistive Technology (AzLAT)

  • a..ntoad AzlA

T AppLication (POF) OoYmload AzLAT BrochJre (PDF) AzlAT is an alternative financing program designed to illiist individuals with disabi~ to borrow

ITIOf'ltY at affordable rat6 for the purchase- of illiistive technology. Qualified applicants (Persons who Search ..• can ~te ability to repay the loan} may be appr~ to borrow money in amounts ranging from SSOO to S10,000. Pre-loan support services, f\Hible repayment terms, bdow" matlcet interest rates, and no prepayment penalties are features of these unique- programs. nx,y both offer uni~ coruumer rest)OllSM' services not oftrn found through more aaditional lendm:
  • Assistance with co~
  • f
the loan appocation packatje
  • ldmtification of other potential funding sources for ass~
technology KQUisition
  • Guidanc¢ecommendations for selection of
a.sslstive technology
  • Assistance with identifying and locating VffldoB
  • Guidance on resolving credit report emn
  • lnteiwntion options to avoid consumer default

Ass~

Technology {AT) inclucles thousands of simple to complex devices and produces that enable people ~ith disabilitif!s to be more productivt and indepm:jent in major life activities SlJCh as ConmunicatiOf\ self-are, education, employment. mobility, and

  • recreation. AssistM
ted'1nol.ogy may be used at home, in the WOf1(place, in the classroom,. and in the convnunity in Way5 that provide creat~ solutions to reduce barrien and increase personal atpabilititl Examples of assisti'-lt technology include heanng aids, ....tieelchairs, !nitle note taken, safety rails in the battv"oorn, specialized computer kry'boardsandlif'tsforvans..

I

lndependence is priceless; we make it affordable Program lnformation