Strategic Partnerships: Strategic Partnerships: Growing and Expanding Growing and Expanding
Your Loan ProgramYour Loan Program
The experiences of the Kentucky Assistive The experiences of the Kentucky Assistive Technology Loan Corporation (KATLC)Technology Loan Corporation (KATLC)
Presented by Dave Matheis, KATLC Board MemberPresented by Dave Matheis, KATLC Board Member
Kentucky Assistive Kentucky Assistive Technology Loan Corporation Technology Loan Corporation
KATLCKATLC 1996 - Established by state statute 1997 – Received initial funds (from state’s DD
Council) 1998 – Board of Directors formed; Kentucky
Department of Vocational Rehabilitation began to provide staff support; began receiving $100,000 annual allotment from state budget
KATLCKATLCTimeline ContinuedTimeline Continued
2000 – Principal lending partner, Fifth Third Bank of Kentucky, began making loans
2000 – Kentucky Housing Corporation agreed to provide fund for loans
2001 – Received NIDRR Title III grant 2001 – Received second grant from DD Council
KATLC’s PartnersKATLC’s Partners
Kentucky Council on Developmental Disability Kentucky Department of Vocational
Rehabilitation KATS Network Fifth Third Bank of Kentucky Kentucky Housing Corporation Interdisciplinary Human Development Institute
(University of Kentucky)
KATLC’s Partners (continued)KATLC’s Partners (continued)
Five Centers for Independent Living Six Assistive Technology Resource Centers Department for Mental Health / Mental Retardation Supported Living Program Traumatic Brain Injury Trust Fund
Kentucky Council on Kentucky Council on Developmental DisabilityDevelopmental Disability
KATLC enabling legislation came with no money attached
Council grant of $107,000 in 1997 supplied initial capitalization of loan fund
Provided second grant of $118,000 in 2001
Kentucky Department of Kentucky Department of Vocational RehabilitationVocational Rehabilitation
Assigned task of providing staff support and office space for KATLC in 1998
Provided staff support at no cost to KATLC through 2002
KATS NetworkKATS Network
Developed the enabling legislation and guided it to passage
Obtained initial funding for KATLC from the DD Council
Helped identify prospective Board members Assisted in developing administrative regulations Serves as a primary referral source for applicants Has role in the NIDRR grant
Principal Lending Partner – Principal Lending Partner – Fifth Third Bank of KentuckyFifth Third Bank of Kentucky
Selected from six applicants in a RFP process Uses KATLC money for loan guarantees Began lending money in the summer of 2000 Very positive working relationship
Kentucky Housing Corporation Kentucky Housing Corporation (KHC)(KHC)
Established special loan program for home modifications for individuals with low income
No guarantees or money from KATLC – KHC provides all the funds
Number of applications has been small
Interdisciplinary Human Interdisciplinary Human Development Institute Development Institute
(University of Kentucky)(University of Kentucky)
Employ KATLC staff through a contract with Kentucky DVR
Provides technical assistance to staff as needed
‘‘Real Choices’Real Choices’
Collaborative effort of KATLC, KHC, Dept. for MH/MR Services, and the Center for Accessible Living (Louisville and Murray)
Designed to provide up to $5,000 grant for home modifications in Louisville and Murray areas with any additional money needed coming as a loan
All applications have been for $5,000 or less
Six CILs and Six CILs and 5 AT Resource Centers5 AT Resource Centers
Partnered through NIDRR Grant (Project LINK-A.T.) To provide referrals to KATLC and assistance to
consumers in completing applications One-year trial
Mixing funding sourcesMixing funding sources
Informal arrangements Part grant/part KATLC loan Department of Vocational Rehabilitation Supported Living program TBI Trust Fund
VendorsVendors
Most successful with vehicle modification dealers and hearing aid vendors
Since January 1, 2003, half of KATLC loans have been for hearing aids