Washington, DC (March 11, 2008) — Determining the viability of developing affordable assisted living facilities, especially in underserved communities, just got easier thanks to a series of free materials recently released by NCB Capital Impact. The suite of products, a result of the thirteen-year, nine-state Coming Home demonstration project, funded by the Robert Wood Johnson Foundation, features an unprecedented implementation tool for the development of affordable home- and community-based long-term care facilities supported by the latest research benchmarks and best practice case studies.
Over 37 million people living in the U.S. are 65 or older and the number of those who need more intense health care support is at an all-time high. These needs are amplified by the rising number of people living with multiple chronic conditions as a result of medical advances and treatments. The responsibility of identifying affordable long-term services and facilities that address the diminishing capacity for independent living of many aging adults often falls to family and friends, who may find their options limited.
“All communities struggle to create affordable and community-based options for the long-term health care needs of aging residents, especially in at-risk and isolated communities,” said Terry Simonette, president and CEO of NCB Capital Impact. “With the release of these resources, NCB Capital Impact has set the standard for evaluation of affordable assisted living facilities. We hope that with these tools and examples of best practices, community leaders will be able to easily evaluate the need for and determine the benefit of investing in these facilities, resulting in increased access to long-term care that is affordable and close- to-home.”
These free resources will provide policy makers, long-term service providers and housing developers with the critical information necessary to facilitate the development of projects that will best meet the needs of their communities and achieve the economies of scale required to make projects financially viable.
Resources now available from NCB Capital Impact at www.ncbcapitalimpact.org include:
Affordable Assisted Living and Community Based Care: An Interactive Feasibility Tool
This step-by-step feasibility analysis guide and spreadsheet model has been developed for use in determining the financial viability of proposed assisted living facilities, offering an integrated framework for analyzing a myriad of co-located services. The spreadsheet model features linked development and operation worksheets that are integrated and automatically populate to provide information on the financial feasibility of facility development.
The Coming Home Demonstration Project Case Study Series
The series of case studies features best practices from affordable assisted-living projects in Florida, Arkansas, Washington and Vermont. Each study provides information including proven project structures, such as a review of service fees, staffing patterns and project financing; lessons-learned from project sponsors; and key distinguishing features such as new construction in rural communities, use of low income housing tax credits and conversion of public housing facilities.
Assisted Living in Rural Markets
This publication evaluates the efficacy of applying standard market study methodologies and benchmarks for assisted living to rural markets and identifies factors that may contribute to the success of assisted living residences in rural markets.
All materials are available for download at www.ncbcapitalimpact.org. For hard copy versions of these products, contact Candace Baldwin at firstname.lastname@example.org.
The Coming Home Program was established in 1992 as a partnership between NCB Capital Impact and the Robert Wood Johnson Foundation. These materials are the final set of products created under that program. Through the newly developed Center for Long Term Supports Innovation, NCB Capital Impact will continue to create innovative approaches to addressing the changing long-term services and supports environment. The Center continues its work with state governments, national advocacy groups and foundations providing effective technical assistance and effective policy changes to find innovative approaches to create affordable community-based services and supports.