The TD Charitable Foundation, the philanthropic arm of TD Bank, has pledged $7 million in grants to nonprofit groups to restore affordable housing or rental assistance to needy families in 17 states, including the Philadelphia area.
Over the past three years, organizations in the Philadelphia area, including New Jersey, have received about $1.3 million, or about 32 percent of the total, as part of its 17th annual “Housing for Everyone” competition, a spokeswoman said.
Annually, the TD Charitable Foundation expects groups in the Philadelphia area, including New Jersey to receive about the same amount.
Grants will go to nonprofits in 37 states and Washington, DC
Last year, two nonprofit groups in the Philadelphia area received grants from the TD Charitable Foundation, totaling $325,000. Jewish Family and Children’s Service of Greater Philadelphia, Community Support Collaborative, was awarded $175,000. The Village Youth Housing Committee, Philadelphia’s Youth Housing Investment, was awarded $150,000.
To be sure, the need for affordable housing is a major issue in Philadelphia, the City Council and the mayoral race, as it is across the country.
In fact, last week for the first time in more than a dozen years, the Philadelphia Housing Authority said it plans to open a waiting list for the Housing Choice Voucher program Jan. 23.
Formerly known as the Section 8 program, the voucher program or HCV helps low-income families, seniors and people with disabilities afford safe, decent and stable housing in the private market with rental assistance from the federal government.
“Housing associations are at the forefront of this growing problem of affordable housing. They are called upon time and time again to meet the needs of some of the most vulnerable members of our communities,” said Paige Carlson-Heim, Director of the TD Charitable Foundation. “We expect the demand for affordable units and rental assistance to grow, so our 17-year plan for Housing for Everyone is focused on supporting those organizations that deliver rental assistance, rehabilitate affordable housing structures, and build organizational capacity to address resident sustainability long-term.”
Established in 2005, the TD Charitable Foundation’s Housing for Everyone grant program has awarded more than $42 million to more than 500 affordable housing projects in the communities it serves. The housing for everyone grant contest is part of TD’s commitment to community enrichment through its corporate citizenship platform, the TD Ready Commitment, which actively promotes inclusion, economic opportunity and environmental well-being, and helps all people succeed.
The TD Charitable Foundation is the philanthropic arm of TD Bank, one of the nation’s 10 largest banks, with more than 9.8 million customers and a full range of banking products, small business and commercial banking services in more than 1,100 offices in the Northeast. , Mid-Atlantic, Metro DC, Carolinas and Florida. Since its inception in 2002, the Foundation has awarded more than $292 million to nonprofits in the U.S. More information about the TD Charitable Foundation is available at https://www.tdbank.com/corporate-responsibility/the-ready-commitment/ funding -opportunities/.
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