Empowering Nonprofits: $7.2 Million for Homeownership Support

Overview of TD Charitable Foundation's Grant Initiative

TD Charitable Foundation is making a significant commitment to supporting nonprofit organizations with the announcement of $7.2 million in available grants through its 19th annual Housing for Everyone grant program. Each grant amounts to $200,000, earmarked for those non-profits focused on aiding low- and moderate-income individuals and families who encounter difficulties in sustaining their homeownership. This initiative reflects a proactive approach to the growing challenges around maintaining homeownership.

Focusing on Homeownership Maintenance

The Housing for Everyone program aims to address the pressing issue of housing stability, particularly in the face of rising property taxes and utility costs. The TD Charitable Foundation's mission aligns with its overarching goal of fostering community enrichment through its TD Ready Commitment platform, a cornerstone of TD's corporate citizenship strategy dedicated to empowering individuals and families.

Since the establishment of this grant program in 2005, TD has already contributed an impressive $56 million towards supporting over 585 affordable housing initiatives spanning from northern to southern regions of the United States.

Insights from Leadership

Paige Carlson-Heim, Head of Social Impact at TD Bank, emphasized the importance of this initiative by stating, "The national affordable housing crisis affects not just those who are searching for homes but importantly, those striving to keep the homes they have. We are intentionally directing our focus on this critical issue through this year's Housing for Everyone program to provide proactive support to families facing homeownership challenges before they reach a crisis point."

Grant Application Process

For the current year, 36 grants are being offered through the Housing for Everyone program, targeting eligible 501(c)(3) organizations that support individuals and families under financial distress. Organizations that demonstrate effective strategies in helping individuals overcome obstacles to homeownership will be prioritized in the selection process.

The foundation encourages applications that propose innovative solutions such as post-purchase counseling, foreclosure prevention support, financial assistance programs, legal services, and initiatives aimed at enhancing energy efficiency in homes.

The application process remains open until the deadline of 4 p.m. EST on Feb. 6, 2025, with winners to be announced in May 2025. Interested organizations are directed to begin their application process soon.

About Housing for Everyone Grant Program

The Housing for Everyone grant program itself has been a significant part of TD Charitable Foundation's mission since its inception, promoting community enrichment via financial resources aimed at affordable housing initiatives. This undertaking reinforces TD’s dedication to inclusivity and economic vitality.

Through this program, TD aspires to foster a more inclusive community, supporting individuals from diverse backgrounds in achieving their personal and financial aspirations. Their charitable endeavors are integrated within the framework of The TD Ready Commitment, which focuses on pivotal areas to enhance community welfare, including Financial Security, Vibrant Planet, Connected Communities, and Better Health.

About the TD Charitable Foundation

The TD Charitable Foundation serves as the philanthropic arm of TD Bank, America's Most Convenient Bank. Amidst being one of the largest banks within the U.S., TD Bank touches the lives of more than 10 million customers around the country, providing a broad spectrum of financial services.

Established in 2002, the Foundation has generously distributed over $323 million in funding for local nonprofits. Their efforts underscore a commitment towards longevity in community support through varied initiatives that touch on all facets of well-being across the states they serve.

Frequently Asked Questions

What is the Housing for Everyone grant program?

The Housing for Everyone grant program offers financial support to nonprofit organizations that assist low- and moderate-income families with homeownership challenges.

How much funding is available through the TD Charitable Foundation?

A total of $7.2 million is available, with individual grants of $200,000 allocated to selected organizations.

Who can apply for the grant?

Eligible applicants include 501(c)(3) nonprofit organizations focused on supporting families facing barriers to homeownership.

What types of programs will be funded?

Programs related to post-purchase counseling, foreclosure prevention, financial assistance, legal support, and energy efficiency improvements will be considered.

When is the application deadline?

The application process is open until 4 p.m. EST on Feb. 6, 2025.

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