TD Foundation announces affordable housing grant program

By Palm Beach

CHERRY HILL, N.J. — The TD Charitable Foundation, the nonprofit arm of TD Bank, said that it will award $1.7 million in grants to support affordable housing efforts from Maine to Florida, through its 2010 "Housing for Everyone" grant competition.

The fifth annual competition is one of the company’s most widely known signature programs.

Capital Improvements for Affordable Housing is the theme for this year’s grant competition. Preservation or improvement efforts must make a difference in the quality of life of residents, improve the overall condition of the property, provide overall cost savings and/or improve energy efficiency. The foundation will award 34 grants ranging from $10,000 to $100,000, to eligible housing nonprofits that submit compelling proposals.

 “At TD Bank, we recognize the importance of supporting our local communities,” said Elizabeth Warn, president of the TD Charitable Foundation and senior vice president of community development for TD Bank. “Without access to affordable housing, it is difficult to sustain the well-being of the communities we serve. That is why we are proud to help preserve and improve existing homes this year."

Organizations that wish to enter the 2010 grant competition must have tax-exempt status; must develop or maintain affordable housing, or provide housing-related programs and services to low- and moderate-income individuals or families; and serve the communities where TD Bank does business. Applying organizations must also demonstrate fiscal responsibility and the impact they have made on affordable housing efforts in their communities.

Proposals will only be accepted online, at the TD Bank website and must be submitted before 4 p.m. on Sept. 3. Winners will be announced in early November.

Through the "Housing for Everyone" competition, the foundation has invested over $5.25 million to help create or maintain more than 4,800 affordable housing units.


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