TD Bank offers affordable housing development grants

TD Bank has announced its 2017 Housing for Everyone Grant Competition. A total of $3.125 million will be awarded this year to 25 local non-profit organizations that make a meaningful difference in meeting the affordable housing needs in communities served by TD Bank.

The theme of this year’s competition is Affordable Housing for All, which will seek the creation of safe, clean, physically accessible housing for all populations, be they elderly, new Americans, mentally or physically disabled individuals, families headed by a single individual (may be parent; grandparent; guardian), emancipated youth or veterans. Access to clean, safe affordable housing throughout the TD Bank footprint is a challenge to thousands of low- and moderate-income individuals and families who cannot afford a place to live.

Applications for funding must focus on:

• Preservation/Rehabilitation/Expansion of viable existing affordable housing properties:  This may include the redesign, reconfiguration and or re-use of existing space in affordable housing properties to create increased quality and quantity of affordable housing units that will meet the specific needs of the population which they are intended to serve.  Upgrades to systems, structure and efficiency of properties to preserve and prolong their use will be considered.

• Focus on needs of the constituency:  Housing programs and services that address the unique needs of their targeted constituency in urban, suburban and rural communities will be viewed favorably.  This may include but is not limited to proximity to educational opportunities, access to healthcare, medical, or rehabilitative services, employment opportunities, shopping, community and transportation services, recreational facilities as well as on site services (daycare, before and/or afterschool programs, community rooms, occupational and or physical therapy etc.) that would be attractive and supportive to the needs of those individuals and their families.

• Utilization of abandoned properties to create new units of affordable housing:  In urban, suburban and rural areas, the utilization of underused or abandoned properties to provide permanent or interim housing for low- and moderate- income families provides a tremendous opportunity to reverse neighborhood and community decline. 

Special consideration will also be given to those initiatives that focus on energy efficiencies to be realized through foundation funding.

Applications will only be accepted through the TD Charitable Foundation’s online application system and should be submitted by 4:00 p.m. (EST) on September 1, 2017.  Paper applications will not be accepted.

Learn more and apply here.