TD Bank Group (TD) announced that applications are now open for the 2023 TD Ready Challenge. This year, TD is seeking to support eligible non-profit and charitable organizations focused on finding innovative solutions that address systemic barriers to affordable housing across the continuum from transitional to permanent homes, and to help increase access to affordable and stable housing for those who need it most. There are a total of 10 grants available of either CDN $1 million or USD $1 million, depending on the country of residence of the applicant.
"Access to affordable housing is a complex issue that will only be improved through collaboration across the public sector, private sector and not-for-profit organizations," said Janice Farrell Jones, SVP of Sustainability and Corporate Citizenship, TD. "We recognize the impact housing can have on an individual's health and economic well-being, and with these grants, want to help enable organizations from across our footprint to develop diverse and innovative solutions that could break down barriers and provide greater access to affordable and stable housing for vulnerable people."
This year's problem statement aligns with TD Pathways to Economic Inclusion, a social framework announced by the bank in March 2023, which focuses on three areas where the bank seeks to contribute to inclusive financial and economic outcomes: employment access, financial access, and housing access. Through its business, TD provides financial tools and advice to help people access housing and to remain in their homes and supports organizations that help contribute to the supply of affordable housing. Through its philanthropy, TD supports organizations that are focused on increasing access to secure housing and related supports for more vulnerable members of their communities, as well as organizations that focus on helping to improve and support the supply and refurbishment of affordable housing.
While many people are impacted by the cost and availability of housing, some groups are disproportionately affected.
"At TD, we know that affordable housing is a major concern for individuals, families, and non-profit organizations across North America. For 17 years, we've supported affordable housing organizations and projects in the U.S. through our Housing for Everyone Grant Competition," said Shelley Sylva, Head of U.S. Corporate Citizenship, TD Bank, America's Most Convenient Bank. "This year's TD Ready Challenge Grant competition expands our support for these efforts in the communities where we live and work and is a testament to our commitment to supporting the terrific work that non-profit organizations are doing to increase access to safe and affordable housing."
The TD Ready Challenge is a key component of the bank's global corporate citizenship platform, the TD Ready Commitment. Since 2018, the TD Ready Challenge has granted $50 million CAD to 60 charitable organizations to help respond to pressing societal issues tied to several TD Ready Commitment interconnected drivers of change. The TD Ready Challenge is our annual North American initiative, which has ten (10) $1 million grants available to organizations developing innovative, impactful, and measurable solutions for a changing world.
TD will be accepting grant applications until September 13, 2023. For complete details about this year's Challenge, please click here.
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