CHERRY HILL, N.J., July 8, 2014 /PRNewswire/ -- The TD Charitable Foundation, the charitable giving arm of TD Bank, America's Most Convenient Bank®, announced it will award $2.5 million in grants in 2014 to support the creation or preservation of rental multifamily housing units for families with children through its ninth annual "Housing for Everyone" grant competition.
The "Housing for Everyone" grant competition is the TD Charitable Foundation's signature program to bolster affordable housing efforts from Maine to Florida. The competition invites local non-profit organizations from Maine to Florida to submit proposals that address the most acute affordable housing needs in their communities.
The theme of this year's competition is Housing for the Future, focusing on initiatives that will create new or rehabilitate existing energy efficient rental units that provide safe, affordable, accessible housing for today and tomorrow's families.
Twenty-five organizations throughout TD Bank's footprint from Maine to Florida will each be awarded a $100,000 grant for a total grant donation of $2.5 million. Each organization is required to submit a proposal for consideration.
Proposals will only be accepted online at www.TDBank.com (click on Our Community) and must be submitted by 4 p.m. on Friday, August 29, 2014. Winners will be notified in mid- November 2014.
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. Upgrades to systems, structure and efficiency of properties to preserve and prolong their use will be considered.
Focus on Families: Housing units, programs and services that address the unique needs of families in urban, suburban and rural communities will be viewed favorably. This may include but is not limited to access to parks, transportation, shopping, schools as well as on site services (day care, community rooms, etc.) that would be attractive and supportive to 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 individuals provides a tremendous opportunity to reverse neighborhood and community decline.
For the past eight years, the TD Charitable Foundation has invested nearly $12.2 million in the "Housing for Everyone" competition to help create or maintain nearly 10,000 affordable housing units.
About the TD Charitable Foundation
The TD Charitable Foundation is the charitable giving arm of TD Bank N.A., which operates as TD Bank, America's Most Convenient Bank®, and is one of the 10 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 Bank operates, having made $121.8 million in charitable donations since its inception in 2002. The Foundation's areas of focus are affordable housing, financial literacy and education, and the environment. More information on the TD Charitable Foundation, including an online grant application, is available at www.TDBank.com.
About TD Bank, America's Most Convenient Bank®
TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 8 million customers with a full range of retail, small business and commercial banking products and services at approximately 1,300 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth®, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.tdbank.com. Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBank_US.
TD Bank, America's Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD". To learn more, visit www.td.com.
SOURCE TD Bank