Mission: To significantly increase the number of American homes prepared for residents to live throughout the modern lifespan.
HomesRenewed supports and influences incentives for home updates. We do this through a broad coalition of stakeholders who share interests but have never acted together before.
Increasing longevity is probably the crowning achievement of humankind. But it is fundamentally unjust to continue medical miracles that add years to life without also updating homes for people to live those added years with joy and dignity.
The house itself is outdated. Updating homes isn’t new. We improve our homes to embrace science and technology advances. Many people live in homes that started without plumbing and electricity. We added furnaces and then upgraded their efficiency and added insulation. Now fiber optic cable comes to our homes and solar collectors cover roofs throughout our neighborhoods. Policy often drives change; e.g.: water and sewer systems, the electric grid, weatherization subsidies and solar tax credits.
The HomesRenewed Purple Tag program identifies incentivized building, technology and home medical products that, when properly installed, achieve modern lifespan preparedness, much like the ‘energy star’ tags help identify energy and cost saving products.
Incentives will fuel growth in manufacturing, installation sales, jobs and profits. By allowing use of 401k, IRA and TSP pre-tax retirement savings without tax or penalty, for example, we enable 80% of older citizens whose long term care is not paid by government to leverage their own resources.* This is about investment to upgrade the housing infrastructure.
*Other funding and leverage sources include:
• Reduced interest on mortgages and construction loans
• Reduced premiums or enhanced coverage on insurances
• Expedited permits or inspections or reduced fees
• Social Impact Investment