TD Charitable Foundation to Offer $1.5 Million in Donations through its Third Annual 'Housing for Everyone' Competition
For the first time, program to support local affordable housing efforts in
both Commerce Bank and TD Banknorth markets
CHERRY HILL, N.J. and PORTLAND, Maine, Aug. 4 /PRNewswire/ -- The TD Charitable Foundation announced that it is now accepting proposals from housing non-profits from Maine to Florida for funding through its 2008 "Housing for Everyone" competition. The Foundation has increased donations this year to $1.5 million to support affordable housing initiatives in the communities where Commerce Bank and TD Banknorth do business. The TD Charitable Foundation first introduced the "Housing for Everyone" competition to all TD Banknorth markets in 2006. Each year the competition focuses on a specific aspect of affordable housing. Now in its third year, "Housing for Everyone" is open to organizations serving Commerce Bank's markets as well as TD Banknorth's. The donations will be available for operational funding for fiscally-responsible organizations that have made and continue to make a meaningful difference in the affordable housing landscape of their community. "This year's competition is focused on capacity-building of our local affordable housing organizations. We realize that current challenges in the housing market have increased our communities' need for certain kinds of support from these organizations," said Elizabeth K. Warn, president of the TD Charitable Foundation and Executive Vice President of Community Development for TD Banknorth. "We want to do our part to help affordable housing organizations continue operations and preserve all the services and programs that make them such valuable partners for our communities." Over the past years of the "Housing for Everyone" competition, the Foundation has invested a total of $3.3 million in donations to help create or maintain more than 2,300 affordable housing units. Applicant organizations for the 2008 competition must serve communities within Commerce Bank or TD Banknorth's current markets. Organizations must have tax-exempt 501(c)(3) status and must develop or maintain affordable housing, or provide housing-related programs and services to very-low, low- and moderate-income individuals or families. They must also demonstrate fiscal responsibility and the impact they have made on affordable housing efforts in their communities. Qualified organizations are encouraged to submit proposals by September 12, 2008. Proposals will only be accepted online, at www.tdbanknorth.com or www.commerceonline.com. Notification of awards will be made in November 2008. About the TD Charitable Foundation The TD Charitable Foundation is the charitable giving arm of TD Bank N.A., which operates under the trade names TD Banknorth and Commerce Bank and is one of the 20 largest commercial banking organizations in the United States. The Foundation's mission is to serve the individuals, families and businesses in all the communities where TD Banknorth and Commerce Bank operate, having made over $34.4 million in charitable donations since its inception in 2002. The efforts of the Foundation are coordinated locally through TD Banknorth's and Commerce Bank's community relations departments and are focused on the areas of economic empowerment, youth development and community support. More information on the TD Charitable Foundation including an online grant application is available at www.TDBanknorth.com or at www.commerceonline.com
SOURCE TD Charitable Foundation
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