National Disability Institute (NDI), in partnership with New Community Federal Credit Union, announced today the launch of an Assistive Technology (AT) Loan Program in New Jersey. The NDI AT Loan Program will provide low-interest loans to people with disabilities, seniors and veterans through the New Community Federal Credit Union.
Assistive Technology (AT) loans include home and vehicle modification, ramps, computers, hearing aids and other equipment that increase individuals’ independence, productivity and quality of life. Loans will range from $500 to a maximum of $30,000, at eight percent interest, with terms up to 60 months.
"National Disability Institute is pleased to partner with New Community Federal Credit Union to bring this unique assistive technology loan program to benefit individuals with disabilities in New Jersey," Michael Morris, NDI Executive Director, said. "Too often people with disabilities have been turned down for consumer loans because of an insufficient or poor credit history. This assistive technology loan program has the potential to make a significant and positive impact on the lives of people with disabilities."
“We are providing access to fair and affordable credit to people who would not otherwise have been able to obtain it, and we are happy to partner with National Disability Institute to accomplish this goal,” Mulu Gebreyesus, New Community Federal Credit Union Director, said.
The NDI AT Loan Program will operate in New Jersey. Persons applying for a loan must be a resident of New Jersey and 18 years of age or older to be eligible. Family members, guardians or authorized representatives may apply on behalf of children or other family members, with the understanding that the device or service is for the use of the person who has a disability.
Information regarding the NDI Assistive Technology Loan Program is posted on the National Disability Institute website.
Funding for the AT Loan Program is provided through the U.S. Department of Education, Office of Special Education and Rehabilitative Services (OSERS). Technical assistance is provided by
AT Act Technical Assistance & Training Center / Association of Assistive Technology Act Programs.
About National Disability Institute
Since its inception in 2005, National Disability Institute (NDI) remains the first and only national nonprofit organization dedicated exclusively to designing pathways to economic stability and mobility for persons with disabilities. Through public policy research and development and customized training and technical assistance, NDI has become a recognized leader nationwide demonstrating that individuals across the spectrum of disabilities can work, save for the future and advance their financial capability and economic stability. To learn more, visit www.realeconomicimpact.org. Take the DISABLE POVERTY pledge at www.disablepoverty.org and engage with NDI on Facebook: RealEconImpact or follow NDI on Twitter: @RealEconImpact.