AARP Foundation has launched Age Strong™, an innovative social investment initiative that will lend up to $70 million to enterprises that provide critical services and programs for struggling adults who are 50-plus. This initiative, in collaboration with Calvert Foundation and Capital Impact Partners, aims to support enterprises and projects that:
- Create affordable homes
- Increase access to healthy foods
- Improve financial security
- Offer more community-oriented models of care
The number of Americans over 65 will double in the next 25 years, and more services will be required to fulfill their needs. Age Strong funds enterprises that provide those services, with a focus on meeting the needs of vulnerable older adults.
Age Strong is the only social investment initiative that focuses specifically on low-income and/or vulnerable 50-plus adults. It brings together AARP Foundation and AARP’s experience and voice for the 50-plus, Calvert Foundation’s impact investment platform and Capital Impact Partners’ expertise in financing community development projects.
The Age Strong initiative aligns with AARP Foundation’s vision of deploying investments to enterprises that empower vulnerable older adults through innovative programs that demonstrate social impact in the areas of housing, hunger, income and isolation. Age Strong is true to its name – helping older Americans stay strong and secure as they age.
To learn more, please visit: www.AgeStrongInvest.org.