TD Charitable Foundation Will Award $7M to Housing Nonprofits
TD Charitable Foundation, the charitable giving arm of TD Bank, America's Most Convenient Bank, announced the launch of its 17th annual Housing for Everyone grant competition. This year, the competition will focus on organizations delivering rental assistance, rehabilitating affordable housing properties, and building organizational capacity to address resident sustainability for the long-term. The Foundation will award a total of $7 million to 37 non-profit organizations across 17 states and Washington, D.C.
Affordable housing is becoming increasingly out of reach, particularly given inflation and rapidly rising rental costs. This is especially true for individuals and families who were already struggling. Housing nonprofits are often left scrambling to meet the growing demand for affordable housing units and emergency rental assistance – all while managing new organizational capacity challenges.
"Housing organizations are on the front lines of this growing affordable housing crisis. They are called upon time and time again to meet the needs of some of the most vulnerable members of our communities. We expect the demand for affordable units and assistance with rent to increase, so our 17th annual Housing for Everyone grant program centers on supporting those organizations delivering rental assistance, rehabilitating affordable housing properties, and building organizational capacity to address resident sustainability for the long-term," said Paige Carlson-Heim, Director of the TD Charitable Foundation.
Since its inception in 2005, the Housing for Everyone grant program has awarded more than $42 million to non-profit organizations and helped support over 500 affordable housing initiatives in the US communities TD serves.
The Housing for Everyone grant program supports TD's longstanding commitment to community enrichment, as well as the Bank's efforts to help people live with greater financial confidence through the TD Ready Commitment, TD's corporate citizenship platform. Through the TD Ready Commitment, TD is targeting $775 million towards community giving by 2030 across four drivers of change – Financial Security, Vibrant Planet, Connected Communities and Better Health – to open the doors to a more inclusive and sustainable tomorrow.
To be considered for a grant through the Housing for Everyone competition, applicants must be affordable housing providers who are preserving or rehabilitating affordable housing, providing rental assistance funds, and/or seeking to strengthen organizational capacity.
For additional details and to access the 2023 Housing for Everyone grant competition application, please click here. Applications are open until 4:00 p.m. (EST) on February 14, 2023. Winners will be announced in May 2023.
Source: TD Charitable Foundation
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