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 ARIZONA INSTITUTE /or UNIVERSITY • H u m a n D e v e l o p m e n t & Behavioral o f C o l l e g e S o c i a l S c i e n c e s

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 AR I ZONA Techno l og y Access Prog r am

1 AzTAP Az AP Ser ervices es: Pr Provide I e Inf nformati tion & n & A Assista tanc nce • nstrate AT devices Dem Demons • Co Consultations to help individuals • find the right technology for their needs Lend Lend o out 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, organizations, agencies and businesses Provide affordable • an$ to help Fin Finan ancial ial Loan people buy technology 2 A i f J ARIZONA T e c h n o l o g y A c c e s s Program

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 ] AR I ZONA Techno l ogy Access P rogram

AzLAT –Background Information Arizona Community Began making loans in 2003 • Foundation – Asset Management Funding from federal and • private sources Partnership of: • NAU/IHD/AzTAP – Program Management/Oversight MariSol Federal Consumer-Controlled Credit Union – Review Board – Loan Lender decisions A i f J ARIZONA T e c h n o l o g y A c c e s s Program

How the loan process works! Client applies for a loan MariSol funds MariSol approved underwrites the loans. Client application for will become a ability to repay member of and credit MariSol. worthiness j \ Advisory Board Loan Loan is Review Committee reviews approved or loan for AzLat loan criteria denied and credit review

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 o l o g y A c c e s s P r o g r a m

Key Program Elements Credit Cr Cr t Crite teria: Loan amounts-$500 to $20,000 • ~,\1l14~ Flexible terms – 12- 60 months • Ma f is O I Low interest rate 4.5% (rate reviewed • Federal Credit Union annually for market) Solutions No income floor OR OR ceiling • Not credit score driven • Approval or denial is made by Advisory • Board Loan Review Committee – Not at MariSol. Az ] ARIZONA T e c h n o l o g y A c c e s s Program

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.

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 • Az l ARIZONA T e c h n o l o g y communicatio n Access P rogram

Loans funds CAN be used for: Home modifications • Vehicle modifications • Daily living • Learning/cognition • Recreation • Environmental controls • Ai ~ A R I ZONA T e c h n o l o g y Access Program

Loans: Bathroom Renovation Be Before re Af After er

CANNOT be used for: Loan funds CA 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 o l o g y A c c e s s P r o g r a m

Benefits of working with MariSol FCU ~,\1/14~ MariSol is a Community • Ma r is i> I Development Financial Institution (CDFI) who serves low/moderate income F e d e r a l C r e d i t U n i o n groups! Solutions Clients get access to Mission Statement • Empowering our members through affordable financial services financial inclusion by access to such as checking accounts affordable and equitable financial solutions. Clients get access to all the • loan and savings products offered by MariSol. 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

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 • occur * optional – consumer choice Az ] ARIZONA T e c h n o l o g y A c c e s s P r o g r a m

Pe Person w n with d h disability – ty type e of • dis disabilit bility; rela latio ionship ip to Application borrower bo Bo Borro rrower( r(s) pers rsonal data • Information AT AT Requ quested d and d how AT AT will ill be be • us used Ve Verif ific icatio ion of Income sources, • l o,.,~ , ,"" ~ employmen em ent, t, SSI/SSDI DI, , SS, , pe pensio ion, child ild suppo pport, etc. !DNum be r. ARIZONA LOANS f or ASSIS TI VE TECHNOLOGY MariSol Federal Credit Union Loan Fi Finan anci cial al obligat ations – cr cred edit t car car • Application de debt bt, car lo loans, mortga gage ge/rent, All information on this application form is strictly confidential and will only be used to d et ermine your need for and ability to repay this loan. Borrowers must demonstrate the ability to repay the loan ju judgments, liens, bankruptcy info Com pletion of thi s form does not guarantee that a loan will be granted. Please print or ty pe; if if applic pplicable ble, etc. Nameofperso n with a disability: -- - ---- - - - ~ Age: _ _ Describe the disability of the person who will be using the assistrve t ec hnology: __ Credit Report obtained Cr • Please check the box that best describes th e relationship between the person with a disability and the borrower(s):0 SELF O SPOUSE/PARTNER O PARENT O CHILD 0 GUARDIAN D Other (s pec ify) ___________ _ Ex pl ain how the assistive technology devices/equipment will affect independence. ed ucation, and/or employment (please be specific ): _ _ ___ _ __ _ Bank account informa Ba rmation • 4. Describe the type of assistive t ec hnology equipment or service to be purchased (use spe ci fic item brand names) :. _ __ _ ____ _ __ _ __ _ To Total amount requested fo for the • AT lo AT loan; total l cost of equ quipm ipment 5. Total loan amount request ed$ ____ . You must attach an itemized p ri ce quote from each vendor regardi ng the device(s) you intend to purchase with this loan. Initi als: Written price quote from ve Wr vendor • Az ] AR I ZONA Technology Access Program