TD Charitable Foundation, the giving arm of TD Bank, awarded $7.2 million to 36 nonprofits across the bank’s Maine to Florida footprint and in Michigan through the 19th annual Housing for Everyone grant program. Each $200,000 grant will support solutions for low- to moderate-income (LMI) homeowners struggling to maintain homeownership.
The Delaware Community Reinvestment Action Council received the $200,000 grant to provide integrated legal and financial services, along with community education and advocacy.
Many households in LMI communities face significant challenges that threaten their ability to sustain homeownership, including rising property taxes, increasing home repair costs, and risk of foreclosure. To help address these issues, TD selected grant recipients focused on programs such as those that provide post-purchase homeownership support, foreclosure counseling, financial assistance funds (when accompanied by post-purchase counseling), essential repairs, energy efficiency improvements, legal assistance, and/or property tax relief programs.
“Amid rising housing costs, these organizations play a vital role in supporting homeowners in communities across TD’s footprint to afford critical repairs, avoid foreclosure, correct tangled titles, and so much more,” Paige Carlson-Heim, director of the TD Charitable Foundation, said. “The efforts of the Housing for Everyone grantees are so appreciated, as their work is essential to protecting homeowners and providing long-term stability in our neighborhoods. By supporting these nonprofits, we hope to help mitigate the threat of home loss while ensuring homeowners have the resources and resilience they need to sustain long-term homeownership.”
Since its inception in 2005, Housing for Everyone has provided more than $63 million to help more than 620 affordable housing initiatives in the U.S. communities TD serves from Maine to Florida and in the Detroit metro area.
