IRIS TIP OF THE MONTH:
CREATIVE FINANCIAL ASSISTANCE

When elder homeowners present with financial concerns it is second nature to discuss the cash assistance programs and programs like food stamps and fuel assistance. But when every dollar counts you might want to think about these additional resources:

• Tax abatements may be available for elder homeowners. Keyword: Tax Abatements.

• Elder homeowners may also qualify for financial assistance for needed home repairs or modifications or counseling about refinancing or whether a reverse mortgage or similar device is appropriate. Keyword: Homeowner Services.

• Assistance with water and sewer bills, and phone bills may also be available. (Tip: most phone companies now have a variety of calling plans. A simple phone call to customer service may significantly reduce monthly bills). Keyword: Utility Assistance.

• Are yard-work and general upkeep getting to be too much? Maybe the elder homeowner would consider renting a room at a reduced rate in exchange for help with household tasks. Keyword: Housing/Match Services.