Did your approved state plan for this reporting period include any State Financing? | Yes |
---|---|
Did your approved state plan for this reporting period include conducting a Financial Loan Program? | Yes |
Area of Residence | Total | ||
---|---|---|---|
Metro RUCC 1-3 |
Non-Metro RUCC 4-9 |
||
Approved Loan made | 08 | 03 | 11 |
Approved Not made | 00 | 00 | 00 |
Rejected | 01 | 00 | 01 |
Total | 09 | 03 | 12 |
Lowest Income: | $17,532 | Highest Income: | $122,109 |
---|
Sum of Incomes | Loans Made | Average Annual Income |
---|---|---|
$630,275 | 11 | $57,298 |
Income Ranges | Total | ||||||
---|---|---|---|---|---|---|---|
$15,000 or Less |
$15,001- $30,000 |
$30,001- $45,000 |
$45,001- $60,000 |
$60,001- $75,000 |
$75,001 or More |
||
Number of Loans | 00 | 03 | 02 | 01 | 02 | 03 | 11 |
Percentage of Loans | 0% | 27.27% | 18.18% | 9.09% | 18.18% | 27.27% | 100% |
Type of Loan | Number of Loans | Percentage of loans |
---|---|---|
Revolving Loans | 00 | 0% |
Partnership Loans | ||
Without interest buy-down or loan guarantee | 00 | 0% |
With interest buy-down only | 00 | 0% |
With loan guarantee only | 11 | 100% |
With both interest buy-down and loan guarantee | 00 | 0% |
Total | 11 | 100% |
Type of Loan | Number of Loans | Dollar Value of Loans |
---|---|---|
Revolving Loans | 00 | $0 |
Partnership Loans | 11 | $295,444 |
Total | 11 | $295,444 |
Lowest | 3% |
---|---|
Highest | 4% |
Sum of Interest Rates | Number of Loans Made | Average Interest Rate |
---|---|---|
43 | 11 | 3.90909090909091% |
Interest Rate | Number of loans |
---|---|
0.0% to 2.0% | 00 |
2.1% to 4.0% | 03 |
4.1% to 6.0% | 08 |
6.1% to 8.0% | 00 |
8.1% - 10.0% | 00 |
10.1%-12.0% | 00 |
12.1%-14.0% | 00 |
14.1% + | 00 |
Total | 11 |
Type of AT | Number of Devices Financed | Dollar Value of Loans |
---|---|---|
Vision | 00 | $0 |
Hearing | 00 | $0 |
Speech communication | 00 | $0 |
Learning, cognition, and developmental | 00 | $0 |
Mobility, seating and positioning | 00 | $0 |
Daily living | 00 | $0 |
Environmental adaptations | 00 | $0 |
Vehicle modification and transportation | 13 | $295,444 |
Computers and related | 00 | $0 |
Recreation, sports, and leisure | 00 | $0 |
Total | 13 | $295,444 |
Number Loans in default | 00 |
---|---|
Net loss for loans in default | $0 |
How many other state financing activities that provide consumers with access to funds for the purchase of AT devices and services were included in your approved state plan? | 00 |
---|
How many state financing activities that allow consumers to obtain AT at a reduced cost were included in your approved state plan? | 00 |
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A 17-year old man was strong and healthy when he broke his neck while skateboarding. He lost control, hitting headfirst into a pole on Memorial Day in 2009. His life changed from that day forward, becoming a quadriplegic on a ventilator. He spent the next few years in and out of rehabilitation centers. He currently lives with his parents and siblings and relies on them to bathe, dress and feed him. Transportation was a problem that impacted the entire family. He started as tall boy, but still grew taller over the years. Between his tall frame and his large wheelchair to accommodate a ventilator, it became more difficult to get him into a typical Minivan with a wheelchair ramp without constantly hitting his head. It also made it impossible to ride on a bus for his hospital visits, socializing and family outings. He was becoming isolated. He and his parents were approved for a low interest loan through Access Loan New Mexico for a Ford Transit Connect with a wheelchair lift with a much higher roof clearing. The van has made it possible for him to engage in life again and his entire family is happy again. He now participates in family outings, activities and his hospital therapy appointments.