1 Finding Housing Opportunities for People with Disabilities Federal Reserve Bank of Dallas – The...

1

Finding Housing Opportunities for People with Disabilities

Federal Reserve Bank of Dallas – The DOFSeptember 14-15, 2011



THE BUCK STARTS HERE

2www.thedof.org [email protected]

• 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.

Disabilities 101

3

Handicapped

PUT THE “PERSON” FIRST


NOYESDisabled 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

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ADA

6

Title I

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Title II

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Title III

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Title IV

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Education Law

The Disability Opportunity Fund presents

THE BUSINESS OF HUMAN DIVIDENDS


THEN


NOW

SUPREME COURTOLMSTEAD DECISION

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ASSET DEVELOPMENT

15

IDA

EITC

ABLE ACCOUNTS

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21 Million18-65

17

EMPLOYMENT37% vs. 79%

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12 millionSSI/SSDI

20

Autism1 in 100

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VETERANS

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BOOMERS

25

72,000,000 by 2030

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25% of Americansbetween 65-74 yrs have one or more disabilities

50% of Americansover 75 yrs have one or more disabilities

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May 14, 2008For the Disabled, Age 18 Brings

Difficult Choices

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TRENDS

RELIANCE ON GOVERNMENT-ONLY SOLUTIONS SHRINKING

30

$$$

M&A

of

Voluntary Agencies

THE DOF PREDICTS:

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ROLE OF FAMILIES INCREASES

Community Development Financial Institutions in the United States

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957 Certified Community Development Financial Institutions as of 8/31/2011

NEW YORK 80

TEXAS 40


Community Development

Community Development Financial Institution

(CDFIs) and other intermediaries

Government

Fin.

Ret

urn

& C

RA c

redi

t Co

mm

unity

Impa

ct

Equity & D

ebt Financing

Users of Capital

Sources of Capital

Financial Institutions

Socially Motivated Investors

Foundations

Affordable Housing

Small Business

Other CD Purposes

Community Facilities

Charter Schools

Child Care Centers

$

$

THE

DOF

BANKS

CDFIs

DEVELOPERS

INVESTORS

GOV AGENCIES

SERVICE PROVIDERS

The DOF organizes

the market by

investing in socially

responsible“disability”

investments.

CASE STUDY #1: THE COTTAGE IN DARIEN

Problem: Six Sets of Parents Plan to Create

Home for Their Young Adults with Developmental Disabilities

Land House Capital

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CASE STUDY #2: SCIOTO PROPERTIES

Problem: For Profit Provider of Housing for People with Disabilities Needs Capital

Refinance New Capital$50,000 to

$50,000,000

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CASE STUDY #3: IMAGINE ACADEMY FOR AUTISM

Problem: How to double the size of a school for children with severe ASD

Acquire new land

Secure Construction

Financing

Refinance Permanent Financing

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516-465-3741 www.thedof.org 38

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