CHERRY HILL, N.J., July 13, 2016 /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 2016 to support the creation or preservation of affordable housing for single parent families through its 11th 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, TD Bank's operational footprint. The competition invites local non-profit organizations to submit proposals that address the most critical affordable housing needs in their communities. Since 2006, the Foundation has donated more than $19.6 million in grants.
The theme of this year's competition is Affordable Housing for Single Parent Families, and it will provide funding for safe, clean, physically-accessible housing for families headed by a single individual (parent, grandparent or guardian). Each year the theme is chosen based on the housing needs identified in the Foundation's footprint.
Twenty-five organizations will each be awarded a $100,000 grant for a total grant donation of $2.5 million.
Applications will only be accepted through the TD Charitable Foundation's online application system and must be submitted by 4:00 p.m. (EST) on September 2, 2016. Paper applications will not be accepted.
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 for single parent families and over. Upgrades to systems, structure and efficiency of properties to preserve and prolong their use will be considered.
Focus on needs of the families: Housing programs and services that address the unique needs of Single Parent Families with children in urban, suburban and rural communities will be viewed favorably. This may include but is not limited to proximity to educational opportunities, access to healthcare and medical services, employment opportunities, shopping, community and transportation services, recreational facilities as well on site services (daycare, before and/or afterschool programs, community rooms, etc.) that would be attractive and support family needs.
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 families provides a tremendous opportunity to reverse neighborhood and community decline.
Special consideration will also be given to those initiatives that focus on energy efficiencies to be realized through foundation funding.
Applications must meet the following guidelines:
- Applicant organization must be tax-exempt under IRS Code 501(c) (3) or must be a state/local government entity.
- Housing units or properties to be improved must be located in a TD Bank, N.A. metro market area.
- Applicant organization must not discriminate on the basis of race, national or ethnic origin, color, religion, age, sex, sexual orientation, gender identification, marital status, family status, veteran status, disability or other characteristic protected by law.
- Applicant organization must have a history of developing, maintaining and/or providing affordable housing for low- and moderate-income families.
- Applicant organization must be able to show the impact they have made to affordable housing efforts in their community.
- Applicant organization must show fiscal responsibility and ongoing viability.
- All housing units or properties to be improved or developed must be for and occupied by low- and moderate-income families.
- Applicant organizations seeking funds for the creation of new units must, if ground breaking has not already occurred, break ground for those units sometime during the period from the receipt of the funds (November 2016) through December 2017.
- Applicant organization must be current on all outstanding debt obligations, utility payments and taxes, there can be no unsatisfied judgments/liens for which the applicant is liable.
- Applicant organization must be able to quantify the impact of their proposed affordable housing project.
- Applicant organization must not have any pending legal actions against it.
A staunch commitment to active involvement in the local community is a vital element of the TD Bank philosophy. TD Bank, America's Most Convenient Bank® and the TD Charitable Foundation provide support to affordable housing, financial literacy and education, and environmental initiatives, many of which focus on improving the welfare of children and families.
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 more than $157 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 Charitable Foundation