TD Bank offering $7.2M to nonprofits for sustaining homeownership

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Nonprofit organizations are eligible for some of the $7.2 million being offered by the TD Charitable Foundation for providing post-purchase resources and solutions to low- and moderate-income individuals and families facing challenges in maintaining homeownership. 

The grants of $200,000 each are available through the foundation’s 19th annual Housing for Everyone grant program, which is now accepting applications. 

This year, the Housing for Everyone program will award 36 grants totaling $7.2 million to eligible 501(c)3 organizations that support families and individuals across TD’s footprint struggling to maintain a home amid economic pressures, according to a TD Charitable Foundation statement. The grants will be awarded to the most competitive proposals that “best demonstrate a positive impact for people who face barriers to sustaining home ownership.” TD will fund select nonprofit programming with a focus on post-purchase and/or foreclosure counseling, agency-owned and/or managed financial assistance funds with post-purchase counseling, energy efficiency improvements, legal assistance and/or property tax relief programs. 

“The national affordable housing crisis impacts not only those struggling to find a home, but those trying to maintain ownership of a home,” Paige Carlson-Heim, head of Social Impact at TD Bank, said in the statement. “Our focus on this critical issue for this year’s Housing for Everyone program is very intentional. With property taxes and utility expenses on the rise, we are committed to elevating the work of nonprofits who offer education and preventative support measures for families and individuals before they reach a point of crisis.” 

Since inception in 2005, the TD Charitable Foundation’s annual Housing for Everyone grant program has awarded more than $56 million to help more than 585 affordable housing initiatives. 

Additional details and grant application can be found at: td.com/housingforeveryone.  

Applications are open until 4 p.m. on Feb. 6. Winners will be announced in May.