TD Foundation awards $7M to 37 nonprofits helping preserve affordable rental housing

TD Charitable Foundation on Monday said it awarded a total of $7 million to 37 nonprofits across the bank’s footprint through the 17th annual Housing for Everyone grant program.

According to the charitable giving arm of Cherry Hill-based TD Bank, “America’s Most Convenient Bank,” grants ranging from $150,000 to $250,000 will support organizations that work to deliver rental assistance, rehabilitate affordable rental housing properties and build organizational capacity to address resident sustainability for the long-term.

As individuals and families across the country struggle with inflation and an exponential rise in rental costs, affordable housing providers face increased hardship, given the growing demand for affordable rental units and emergency rental assistance.

“The affordable housing crisis continues to burden the most vulnerable members of our communities and the organizations committed to supporting them,” Paige Carlson-Heim, director of the TD Charitable Foundation, said. “At TD, we’re committed to doing our part to help create a more sustainable and inclusive future for everyone, and that includes providing access to safe, affordable homes. This year’s grant recipients are mission-critical to that work, and the TD Charitable Foundation is proud to support them in their efforts to create a positive impact and a pathway to housing stability in the communities we serve.”

In New Jersey alone, grants totaling $1.075 million were awarded to six organizations, which included:

Since its inception in 2005, the Housing for Everyone grant program has awarded more than $49 million to nonprofit organizations and helped support more than 550 affordable housing initiatives in the communities TD serves.

The Housing for Everyone grant program underscores 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 to 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.