Spring Flats Receives Housing for Everyone grant from TD Charitable Foundation

by | Mar 1, 2020 | Articles | 0 comments

The TD Charitable Foundation, the charitable giving arm of TD Bank, America’s Most Convenient Bank®, recently donated a total of $125,000 to Victory Housing, Inc. as part of the foundation’s Housing for Everyone grant competition. A total of $3.75 million was provided to 30 nonprofits to improve access to safe, clean and affordable housing in communities from Maine to Florida.

Victory Housing, the non-profit housing development arm of the Archdiocese of Washington, focuses on providing affordable housing and related social services to low- and moderate income senior citizens and families. The funds from the TD Charitable Foundation will help fund the adaptive re-use and substantial rehabilitation of the historic, former Hebrew Home for the Aged in the Petworth neighborhood of Washington, D.C. When completed, the renovated community will provide 88 units of affordable senior rental housing, including 14 permanent supportive housing units for formerly homeless seniors, and will be part of the Spring Flats $77 million redevelopment which will also have new construction of 88 mixed-income rental housing units for families, including 58 affordable, and 10 homeownership opportunities, including three for first-time homebuyers.

“The Housing for Everyone grants bring the bank’s social impact platform, the TD Ready Commitment, to life by helping to create safe, affordable residences for those in greatest need,” said Paige Carlson-Heim, Director of the TD Charitable Foundation and Office of Charitable and Community Giving. “We recognize that having a safe, affordable place to live is essential to achieving financial security.”

“We are thrilled to receive this Housing for Everyone grant for our Spring Flats project, which will transform a rapidly gentrifying area of Washington, D.C. into an oasis of affordable housing for seniors, families and new homeownership,” said Leila Finucane, President and CEO of Victory Housing. “This TD Bank grant program helps fill a critical gap in the funding to make this redevelopment work.”

The Housing for Everyone grant competition supports TD’s longstanding commitment to community enrichment through TD’s social impact platform, the TD Ready Commitment. The TD Ready Commitment actively promotes inclusivity, economic vitality, environmental wellbeing and health, enabling people of all backgrounds to succeed in a rapidly changing world. As part of the TD Ready Commitment, TD targets US $750 million in total by 2030 towards community giving in four critical areas: Financial Security, a more Vibrant Planet, Connected Communities and Better Health. Through this platform, TD aspires to create a more inclusive tomorrow — helping people of all backgrounds feel more confident, not just about their finances, but about their ability to achieve their goals. Visit: https://www.tdbank.com/corporate-responsibility/the-ready-commitment/

About the TD Charitable Foundation
The TD Charitable Foundation is the charitable giving arm of TD Bank, America’s Most Convenient Bank®, one of the 10 largest commercial banking organizations in the United States. Since its inception in 2002, the Foundation has distributed over $230 million through nearly 21,330 grants through donations to local nonprofits from Maine to Florida. More information on the TD Charitable Foundation, including the online grant application, is available at https://www.tdbank.com/corporate-responsibility/the-ready-commitment/funding-opportunities/

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 9 million customers with a full range of retail, small business and commercial banking products and services at more than 1,200 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.td.com/us. 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/us.