What Is It?
DC FUNDS is a federally funded program, also known as the Alternative Financing Program (AFP). It is a relatively simple option to borrow money at a very low-interest rate in order to purchase much needed assistive technology (AT) devices and services. AT can serve as a gateway towards greater independence, integration and community inclusion.
Why should I borrow money to buy assistive technology?
Computer hardware/software, communication devices, scooters and power wheelchairs are not always covered by insurance, leaving many individuals struggling to pay for these necessities, or simply doing without.
There are very few grants available and while there are government entities set-up to provide AT devices and services, the pathway to procurement is often slow, stressful and not always successful.
Borrowing money through DC FUNDS allows freedom of choice, empowerment and independence.
In addition, the Assistive Technology Program for DC will also provide supports to keep payments current and if necessary, credit counseling, to build credit or improve a low credit rating.
$1,200 - $10,000
Digital Hearing Aids
DC FUNDS loans are not made through a banking institution. The loans are reviewed and approved by a committee, in part consisting of people with disabilities and family members of people affected by disabilities.
Who Is Eligible to Apply?
Persons with disabilities and seniors or their family members, guardians or advocates living in the District of Columbia can apply to for the loan.
What Is the interest rate and Length of the Loan?
The interest rate is 4% which is well below the market rate of traditional banks. The length of the loan is based on the amount borrowed and the equipment. Terms can range from 6 months to 5 years.
How Much Can I Borrow?
Through this program, you can borrow amounts ranging from $500 to $10,000.
What Type of Assistive Technology Can I Purchase?
Loans are commonly used to purchase big-ticket items, including hearing aids, stair lifts, Braille notetakers, home modifications, power wheelchairs, computers, tablets, and much more.
Check out other types of devices and services you can purchase with a loan through DC FUNDS
Contact Alicia Johns if you need assistance completing the application
Where Do I Get More Information?
220 I Street, NE, Ste. 130
Washington, DC 20002
202-547-0198, Ext 134 (Voice)
220 I St. NE, Suite 130
Washington DC 20002