AARP, Weinberg Foundations Commit $10.5 Million for Skilled Nursing Care Model

AARP, Weinberg Foundations Commit $10.5 Million for Skilled Nursing Care Model

The and the have announced commitments totaling $10.5 million to the , a initiative to provide high-quality skilled nursing care to low-income seniors.

The new investments will bolster a national loan fund that RWJF helped launch in 2011 with a ten-year, $10 million low-interest credit facility. Green House homes offer small, community-based residences and an innovative staffing model that provides residents with up to four times more personal and social contact than in a typical nursing home. The Weinberg Foundation will expand its grant program in support of skilled nursing facilities that both serve low-income populations and adopt the Green House model by awarding at least $8 million in capital grants during the 2014 fiscal year. Over the past five years, the foundation has made six capital grants totaling more than $5.5 million for Green House residences.

The AARP Foundation has committed $2.5 million in program-related investments to provide scalable affordable housing options for vulnerable individuals age 50 or older. In addition to funding the Green House Project, the PRIs will help the finance affordable rental and rural housing for low-income seniors and enable to empower owners of mobile homes to cooperatively purchase the land on which they live.

"The Green House Project delivers on a bold vision of better, more dignified care for elders that is spreading widely in communities across the country," said RWJF president and CEO Risa Lavizzo-Mourey. "We are thrilled to have the AARP and Weinberg foundations join us in investing to spread the impact of this powerful model to all seniors, regardless of income."

"." Green House Project Press Release 07/11/2013.