AARP Foundation will launch a new housing grant program encouraging organizations to create new models of home modification that would benefit older households who are affected but unaffordable or inadequate housing.
More than $1 million in grants will be awarded and distributed by its Office of Grants Administration through the competitive RFP method to eligible organizations in the U.S. that have demonstrated a track record in providing home-repair assistance to households on a nationwide or large regional level.
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Senay Ataselim-Yilmaz, Chief Operating Officer, Turkish Philanthropy Funds, writes that philanthropy often solves the very problems that stems from market failure. Some social issues, however, cannot be tackled by questioning the return on investment.