[vimeo id=”144905578″ width=”625″ height=”352″]
Task Force Seeks Solutions for Aging in Place: Will HECMs Be Considered?
Task forces are formed to address critical issues requiring a solution. The question is, with the Bipartisan Policy Center Health and Housing Task Force promote the use of Home Equity Conversion Mortgages?
The Task Force includes some heavy-hitters in public housing and mortgage lending, primarily former Housing and Urban Development Secretary Henry Cisneros. The group is seeking input from stakeholders seeking viable solutions to help older adults remain in their homes and communities. The primary focus is on cost-effective and innovative solutions to modify homes and communities, along with heath programs, making them more suitable for seniors.
“We are now taking the opportunity to solicit feedback from knowledgeable stakeholders and colleagues in three priority areas of interest: financing modifications at home and in the community for aging in place; accessing affordable housing for seniors; and integrating housing and health programs for seniors,” the BPC Task Force stated last week.
As a unique segment serving older Americans, the reverse mortgage industry should most certainly be a stakeholder…
Download a transcript of this episode here.
Looking for more reverse mortgage news, commentary and technology? Visit ReverseFocus.com today.