Senior Housing Crime Prevention Foundation
The Massachusetts Bankers Association (MBA) is inviting members to participate in an initiative the Association has undertaken with the Senior Housing Crime Prevention Foundation (SHCPF) in the state of Massachusetts.
The MBA enjoys a selected partnership with the SHCPF – a highly successful conduit for banks to use in earning no-risk Community Reinvestment Act (CRA) credit while helping to resolve a problem that plagues society – the exploitation and abuse of nursing home residents. The Foundation’s mission is to provide safe, crime-free, high-quality of life environments for our nation’s 3 million residents of nursing homes and other senior housing facilities by providing the Senior Crimestoppers Program through loans and investments made by the banking community.
In Massachusetts, crime against nursing home residents is a well documented problem that occurs with regular frequency in spite of the precautions of well-intentioned owners and operators. The fact is: crime against nursing home residents is prevalent, and it has been proven to be abated by the Senior Crimestoppers Program. Nationally, the program has reduced crime by more than 92.7 percent in nursing homes and senior housing facilities.
The MBA has adopted the Foundation’s mission of ensuring that each of our state’s more than 52 thousand nursing home and senior housing residents are in safe, crime-free environments. We are asking our member banks to participate in this effort through sponsorship of nursing homes and senior housing facilities in their communities. Your bank’s participation in this program will provide many benefits:
- Cost-effective, profitable, risk-free, CRA credit for either the lending or investment test;
- Positive public relations exposure for providing a safe and secure living environment for seniors in your community;
- Access to the 50+ market, the sons and daughters of nursing home residents, who are among the most affluent segment of the financial marketplace; and
- The assurance of knowing that you’ve done something proactive to improve the quality of life for the men and women who built your community and your bank.
Annie Coldstream, Grassroots and Member Services Coordinator at Massachusetts Bankers Association
Telephone: (617) 502-3816
Fax: (617) 523-6373
David Stone, Consultant at Senior Housing Crime Prevention Foundation, Inc.
Telephone: (877) 232-0859 or (603) 387-7045
Fax: (901) 523-3620
Visit the SHCPF web site.