Transforming Homes and Lives
HomesRenewed Straddles the
Building, Advocacy and Policy Worlds
46 Million Americans 65+
Mission: To significantly increase the number of American homes prepared for residents to live throughout the modern lifespan by conducting research and educating consumers and legislators.
HomesRenewed supports incentives that will nudge people to take action for home updates.
The house itself is outdated. Updating homes isn’t new. Over the years we have improved our homes to embrace science and technology advances by adding indoor plumbing, electricity, central air conditioning. Now fiber optic cable comes to our homes and solar collectors cover our roofs. Policy often drives change by regulating and subsidizing infrastructure and home updates; e.g., water and sewer systems, the electric grid, weatherization subsidies and solar tax credits.
The HomesRenewed Purple Tag program, modeled after the success of Energy Star tags, will identify building, technology and home medical products that prepare the home for the modern lifespan and are eligible for cost savings. Other incentives may include rebates, tax savings, or reduced insurance premiums.
Report on Aging in Place
Transforming Homes & Lives
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The house itself is outdated.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
Too many older Americans have limited choices about where to live. Better, safer and more economical options are needed.
HomesRenewed is focused on positive, exciting and innovative solutions to these problems.
Designing the Future
Policy is commonly used to leverage private investment to achieve societal goals. HomesRenewed is leading the effort to gather the evidence needed to drive, cost-effective policy to improve housing for older Americans.
There are many stakeholders to the future of housing.
Almost everyone has a story to tell and an interest in seeing housing and care improve. HomesRenewed is building the story that crosses the interests of consumers and industries.