Supportive Services Programs in Naturally Occurring Retirement Communities. Services Program Funding Sources

11/01/2004

One of the major challenges services programs report they face is generating sufficient funding to support their efforts. Funding sources can be internal or external to the NORC. Internal sources include NORC residents' contributions to the costs of services programs, for example, through payment of activity or membership fees. In addition, property owners or managers can contribute to program costs either financially or in kind. Residents are likely to contribute to the cost of programs if they find the services valuable. The level of expected contributions from the residents, however, must take into account their income and other demands on their resources. Similarly, owners or managers are more likely to contribute if they believe the program helps make the property more attractive to potential residents or if it reduces their operational or management costs. External funding can come from numerous sources including the agencies that operate services programs, grants from nonprofit charitable foundations, and federal, state, or local governments.

 

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