Benefits
The Senior Housing Crime Prevention Foundation (SHCPF) gives banks a way to satisfy their CRA requirements, create positive public relations in their communities, and develop valuable new business relationships, while serving an often overlooked segment of our society – vulnerable senior housing residents.
The Senior Housing Crime Prevention Foundation is a 501 (c)(3) non-profit organization, established in collaboration with the Office of the Comptroller of the Currency as a conduit for banks to earn CRA credit through CRA-qualified loans and investments.
- CRA Credit – banks make CRA-qualified community development loans and investments in the SHCPF, which enable us to provide the nationally-acclaimed Senior Crimestoppers program to senior housing facilities at no cost in each participating bank’s assessment area.
- Risk Free – all loans and investments in the SHCPF are fully collateralized by investment grade bonds selected by participating banks, so there is no credit risk or exposure to loss.
- Guaranteed Yield – participating banks earn a guaranteed yield on their Foundation loans and investments, based on the yield paid on the bond used by each bank to collateralize its loan or investment less 1.25% retained by the Foundation to support its programs.
- Marketing Support – the SHCPF provides training and tools for each bank to use in its marketing efforts. Through the annual Wish Comes True grant, the annual Time of Your Life video series, free access to the Welcome Home Banking website, and free retail training programs, participating banks are able to remain top of mind and develop profitable banking relationships within their sponsored nursing homes.
- No administrative burden or ongoing monitoring – the SHCPF program is completely turn-key.
The focus of the SHCPF is to reduce all aspects of crime in the nation’s nursing homes and to provide ongoing, effective crime prevention programs that ensure a safe and secure environment for the residents of senior housing. In part, this is accomplished through the installation of the Senior Crimestoppers program.
Senior Crimestoppers is a coordinated set of components that work together to create a zero tolerance-to-crime platform in senior housing facilities. Components include personal lockboxes for the residents, cash rewards up to $1,000 paid anonymously for information about wrongdoing of any kind, and effective, on-going education and training for staff members and residents. Senior Crimestoppers is in operation in more than 4,000 nursing home facilities in 45 states, and has reduced all aspects of crime in participating facilities by a certified 92.76% through December 31, 2009.
Transforming Lives
With the support of our partners, the Senior Housing Crime Prevention Foundation transforms the lives of vulnerable nursing home residents. It is hard to overstate the transformative effect a bank can have on the life of an elderly person by removing fear from their lives — fear of neglect, fear of theft, fear of needing equipment and not knowing where to turn. Click on the stories below to learn more about how Senior Crime Stoppers is transforming lives every day.
Marquez Hillard Story
Marquez’ Life changed in a second but with the help of Senior Crime Stoppers, his wish for a new wheelchair came true. More
Carolyn Denny Story
The SHCPF has helped to open the pathways of communication for Carolyn with a new laptop. More
Regulatory Letters
