Did your approved state plan for this reporting period include any State Financing? | Yes |
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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 |
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Approved Loan made | 07 | 05 | 12 |
Approved Not made | 00 | 00 | 00 |
Rejected | 00 | 00 | 00 |
Total | 07 | 05 | 12 |
Lowest Income: | $11,580 | Highest Income: | $103,000 |
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Sum of Incomes | Loans Made | Average Annual Income |
---|---|---|
$542,077 | 12 | $45,173 |
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 | 01 | 05 | 01 | 01 | 01 | 03 | 12 |
Percentage of Loans | 8.33% | 41.67% | 8.33% | 8.33% | 8.33% | 25% | 100% |
Type of Loan | Number of Loans | Percentage of loans |
---|---|---|
Revolving Loans | 00 | 0% |
Partnership Loans | ||
Without interest buy-down or loan guarantee | 04 | 33.33% |
With interest buy-down only | 00 | 0% |
With loan guarantee only | 08 | 66.67% |
With both interest buy-down and loan guarantee | 00 | 0% |
Total | 12 | 100% |
Type of Loan | Number of Loans | Dollar Value of Loans |
---|---|---|
Revolving Loans | 00 | $0 |
Partnership Loans | 12 | $58,287 |
Total | 12 | $58,287 |
Lowest | 2.75% |
---|---|
Highest | 6% |
Sum of Interest Rates | Number of Loans Made | Average Interest Rate |
---|---|---|
48 | 12 | 4% |
Interest Rate | Number of loans |
---|---|
0.0% to 2.0% | 00 |
2.1% to 4.0% | 08 |
4.1% to 6.0% | 04 |
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 | 12 |
Type of AT | Number of Devices Financed | Dollar Value of Loans |
---|---|---|
Vision | 00 | $0 |
Hearing | 12 | $18,526 |
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 | 06 | $39,761 |
Computers and related | 00 | $0 |
Recreation, sports, and leisure | 00 | $0 |
Total | 18 | $58,287 |
Number Loans in default | 00 |
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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? | 1 |
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How would you describe this state financing activity? | Telecommunications equipment distribution |
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County of Residence | Individuals Served |
---|---|
A. Metro (RUCC 1-3) | 7 |
B. Non-Metro (RUCC 4-9) | 3 |
C. Total Served | 10 |
Performance Measure | |
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D. Excluded from Performance Measure | 0 |
E. Number of Individuals Included in Performance Measures | 10 |
If a number is reported in D you must provide a description of the reason the individuals are excluded from the performance measure:
Type of AT Device / Service | Number of Devices Funded | Value of AT Provided |
---|---|---|
Vision | 9 | $2,327 |
Hearing | 4 | $967 |
Speech communication | 0 | $0 |
Learning, cognition, and developmental | 0 | $0 |
Mobility, seating and positioning | 1 | $55 |
Daily living | 0 | $0 |
Environmental adaptations | 0 | $0 |
Vehicle modification and transportation | 0 | $0 |
Computers and related | 0 | $0 |
Recreation, sports, and leisure | 0 | $0 |
Total | 14 | $3,349 |
How many state financing activities that allow consumers to obtain AT at a reduced cost were included in your approved state plan? | 0 |
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A young woman needed a loan for an accessible van. Her DTI was fine, but her credit score was below bank standards. She is young and needs more time to build enough credit history, but what credit she has so far is spotless. She lives within her means and puts 15% or more of her income in savings each month to put down a third of the cost of the van. She has paralysis of her lower body and uses a wheelchair. She says her dream is to have a vehicle to be more independent in getting to work and appointments for herself and her baby. She says that when she has a goal, she takes it seriously, as shown in her determination to save for this van. This woman is also a VR client and works for the Department of Labor, so she has much support. The loan committee voted to guarantee this loan, but before I could process it, the client called me back to say she had received an additional $4,000 to put down on the van from her DOL career planner’s husband, who rallied his team at work to raise the money. She also told me that her local Center for Independent Living director was teaching her to drive. Then the vendor called to say he was putting some extra work into the van and wanted to reduce the price for the client because he wanted her first vehicle to be a great experience. When all was said and done, the loan came out to less than half the original amount we approved.