To find financial assistance for aging-in-place improvements, you will need to consult with your local government or nonprofit agencies to see if they offer any grants or interest rate discounts. Your bank may also offer some options, but be sure to do your research first.
Here are some of the most common ways that people find financial assistance for aging-in-place improvements:
Consult your local government or nonprofit agencies - You can contact a nearby public health department about the availability of grants and tax credits that can help offset costs. You can also look into a variety of tax deductions that may be available for improving accessibility in your home, such as the wheelchair ramp tax deduction. Nonprofit organizations such as Habitat for Humanity and AARP Foundation offer interest rate discounts as well as other assistance.
As people grow older, they may need to make adaptations to their home in order to age-in-place.
There are a few different ways that people can find financial assistance for these types of improvements. A family member, friend or neighbor may be willing to lend a hand and help with the renovations. There are also organizations that will donate the materials needed for the project in return for labor on behalf of the person making the improvements.
There are also government-sponsored programs that offer financial assistance in order to ensure that older adults can stay in their homes as they age. check here This type of program is often called an "Aging-In-Place" program and it will usually provide funding for minor changes like grab bars or ramps, but not major structural renovations like wheelchair access or widening doorways.