Recipients of the 2023 TD Ready Challenge
grants are focused on providing solutions to help increase access
to affordable and stable housing for those who need it most
TD today announced the grant recipients of its 2023 TD Ready
Challenge, an annual North American initiative that seeks to
support non-profit and charitable organizations developing
innovative, impactful, and measurable solutions for communities
across the U.S. and Canada. This year's recipients include five
U.S. non-profit organizations providing innovative solutions that
address systemic barriers to affordable housing across the
continuum from transitional to permanent homes.
"Having a safe and stable place to call home is central to
overall wellbeing. The lack of affordable housing causes serious
ripple effects that impact everything from health outcomes to
educational opportunities to overall financial security," said
Shelley Sylva, Head of U.S. Corporate Citizenship at TD Bank. "Part
of the goal of the TD Ready Challenge is to uplift and support
nonprofits in their innovative efforts to enrich the communities
where we live and work, and I am incredibly proud of the five U.S.
recipients and the impact I know they're going to have on so many
across our footprint in the years to come."
The TD Ready Challenge is part of the Bank's longstanding
commitment to helping create a more inclusive and sustainable
future, and a signature program within its corporate citizenship
platform, the TD Ready Commitment. Each year, the TD Ready
Challenge invites eligible organizations to submit applications
that offer solutions for a problem statement that is connected to
the TD Ready Commitment and its four drivers of change:
Financial Security, Vibrant Planet, Connected
Communities and Better Health. Always themed around
timely issues, in previous years, the TD Ready Challenge has
focused on driving more equitable health outcomes, promoting income
stability, and addressing pandemic-related learning loss.
"Opening doors for a more inclusive and sustainable future is
core to our purpose as a community-focused organization," said Leo
Salom, President and CEO, TD Bank. "Through the TD Ready Challenge,
we're standing behind organizations with promising new ideas to
address systemic barriers to permanent and stable housing in
communities across our footprint and helping to create additional
economic opportunities for all."
The five $1 million U.S. 2023 TD Ready Challenge recipients
describe their winning submissions in their own words:
Washington Housing Conservancy - Housing + Mobility + Equity
Accelerator (HMEA) – Washington, DC
"The Housing + Mobility + Equity Accelerator (HMEA) preserves
housing affordability in the Washington DC-region, while providing
other cities with a blueprint for doing the same. HMEA is uniquely
focused on competing with private-sector developers to increase the
supply of affordable rental homes for residents at greatest risk of
being displaced from economically thriving neighbourhoods."
National Association for Latino Community Asset Builders -
Empowering Latino Households: Building, Preserving, and Paving the
Way to Affordable Housing Success – Texas
"NALCAB proposes a solution to address systemic housing
exclusion for Latinos and has developed a coordinated trinary
approach to advance economic mobility through affordable housing:
Production, Preservation, and Pipeline (financial readiness). This
project focuses on the third, and most important element of the
strategy: building the financial wellness of potential homebuyers
and renters."
Clarifi - A Multi-Intervention Strategy to Combat Barriers to
Affordable Housing – Pennsylvania
"Clarifi is proposing a multi-intervention strategy to address
barriers to affordable and sustainable housing for low-to-moderate
individuals and families in the Greater Philadelphia area.
Combining our expertise in financial empowerment and housing
counseling, home repair access, and financial resilience grants, we
can address the many housing affordability problems that
Philadelphians face."
The Community Builders, Inc. - HOME ROOM: Economic Stability
and Mobility Through Massachusetts – Massachusetts
"TCB's HOME ROOM initiative will address the needs of residents
facing chronic housing instability across two states and set them
on a path to lasting housing and financial stability through a
two-part approach, 1) Construction: increasing the supply of
permanent supportive housing units, and 2) Wealth and Housing:
place-based financial and wraparound services through Community
Life (CL)."
Neighborhood Housing Services of South Florida - HSSF
Evergreen Initiatives: Preserving Homeownership by Dismantling
Energy Inequities in LMI Communities of Color – Florida
"This initiative aims to dismantle energy inequities by
expanding the green initiatives portfolio for the LMI BIPOC
community, which includes catalyzing adoption of energy efficiency,
clean energy, water conservation, and resiliency measures. It also
includes all of NHSSF's business lines - from housing counseling,
homeownership promotion and preservation, real estate development,
and lending."
To learn more about the 2023 grant recipients and the TD Ready
Challenge, visit: www.td.com/readychallenge.
About The TD Ready Commitment
TD has a long-standing commitment to enriching the lives of its
customers, colleagues and communities. As part of its corporate
citizenship platform, the TD Ready Commitment, TD is targeting CDN
$1 billion (U.S. $775 million) in total by 2030 towards community
giving in four areas critical to help open doors for a more
inclusive and sustainable tomorrow – Financial Security, Vibrant
Planet, Connected Communities and Better Health. Through the TD
Ready Commitment, TD aspires to link its business, philanthropy and
human capital to help people feel more confident - not just about
their finances, but also in their ability to achieve their personal
goals in a changing world. For further information, visit
td.com/tdreadycommitment.
About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively
known as TD Bank Group ("TD" or the "Bank"). TD is the sixth
largest bank in North America by assets and serves over 27.5
million customers in four key businesses operating in a number of
locations in financial centres around the globe: Canadian Personal
and Commercial Banking, including TD Canada Trust and TD Auto
Finance Canada; U.S. Retail, including TD Bank, America's Most
Convenient Bank®, TD Auto Finance U.S., TD Wealth (U.S.), and an
investment in The Charles Schwab Corporation; Wealth Management and
Insurance, including TD Wealth (Canada), TD Direct Investing, and
TD Insurance; and Wholesale Banking, including TD Securities and TD
Cowen. TD also ranks among the world's leading online financial
services firms, with more than 16 million active online and mobile
customers. TD had $1.96 trillion in assets on October 31, 2023. The
Toronto-Dominion Bank trades under the symbol "TD" on the Toronto
and New York Stock Exchanges.
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Media: Natasha Brown Corporate Communications Manager TD
Bank Natasha.Brown@td.com
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