This Report highlights how assistive technology (AT) devices help Pennsylvanians with disabilities go to work, live in their own homes, and participate in community activities.
The Pennsylvania Assistive Technology Foundation is a non-profit, Community Development Financial Institution (CDFI) whose mission is to provide financing opportunities to individuals with disabilities and their families that enable them to acquire the assistive technology devices and services they need to improve the quality of their lives. PATF services are available all across Pennsylvania regardless of the borrower’s age, income, or type of disability. To date, PATF has assisted over 2,600 people to get the AT that made a difference in their lives.
The organization has extended a total loan portfolio of over $33 million. PATF buys down the interest rate on all loans, provides extended repayment periods, and guarantees loans for borrowers who do not have a traditional credit history. The default rate for PATF loans is under 1%, far lower than for traditional bank loans. PATF also provides consumers with information about other possible funding resources and financial education, if needed. This is a free program that helps people help themselves.
The 2016 PATF Report shows how individuals have used their loans, including adapted vehicles, home modifications, hearing aids, iPads, wheelchairs, scooters, and low vision. These items support the borrowers’ independence and make it possible for people to go to work.