$10 million in
grants to be awarded to organizations in Canada and the U.S. for innovative solutions
that support people disproportionately impacted by the challenges
and barriers to accessing affordable housing
TORONTO, Aug. 9, 2023
/PRNewswire/ - TD Bank Group (TD) announced today that applications
are now open for the 2023 TD Ready Challenge. This year, TD is
seeking to support eligible non-profit and charitable organizations
focused on finding innovative solutions that address systemic
barriers to affordable housing across the continuum from
transitional to permanent homes, and to help increase access to
affordable and stable housing for those who need it most. There are
a total of 10 grants available of either CDN $1 million or USD $1
million, depending on the country of residence of the
applicant.
"Access to affordable housing is a complex issue that will only
be improved through collaboration across the public sector, private
sector and not-for-profit organizations," said Janice Farrell Jones, SVP of Sustainability and
Corporate Citizenship, TD. "We recognize the impact housing can
have on an individual's health and economic well-being, and with
these grants, want to help enable organizations from across our
footprint to develop diverse and innovative solutions that could
break down barriers and provide greater access to affordable and
stable housing for vulnerable people."
This year's problem statement aligns with TD Pathways to
Economic Inclusion, a social framework announced by the Bank in
March 2023, which focuses on three
areas where the Bank seeks to contribute to inclusive financial and
economic outcomes: employment access, financial access, and housing
access. Through its business, TD provides financial tools and
advice to help people access housing and to remain in their homes
and supports organizations that help contribute to the supply of
affordable housing. Through its philanthropy, TD supports
organizations that are focused on increasing access to secure
housing and related supports for more vulnerable members of their
communities, as well as organizations that focus on helping to
improve and support the supply and refurbishment of affordable
housing.
While many people are impacted by the cost and availability of
housing, some groups are disproportionately affected.
"At TD, we know that affordable housing is a major concern for
individuals, families, and non-profit organizations across
North America. For 17 years, we've
supported affordable housing organizations and projects in the U.S.
through our Housing for Everyone Grant Competition," said
Shelley Sylva, Head of U.S.
Corporate Citizenship, TD Bank, America's Most Convenient Bank.
"This year's TD Ready Challenge Grant competition expands our
support for these efforts in the communities where we live and work
and is a testament to our commitment to supporting the terrific
work that non-profit organizations are doing to increase access to
safe and affordable housing."
The TD Ready Challenge is a key component of the Bank's global
corporate citizenship platform, the TD Ready Commitment. Since
2018, the TD Ready Challenge has granted $50
million CAD to 60 charitable organizations to help respond
to pressing societal issues tied to several TD Ready Commitment
interconnected drivers of change. The TD Ready Challenge is our
annual North American initiative, which has ten (10) $1 million grants available to organizations
developing innovative, impactful, and measurable solutions for a
changing world.
TD will be accepting grant applications until September 13, 2023. For complete details about
this year's Challenge, please visit: td.com/readychallenge.
About the TD Ready Commitment
TD has a long-standing commitment to enriching the lives of its
customers, colleagues and communities. Under the TD Ready
Commitment and its four key, interconnected drivers of: Financial
Security, Vibrant Planet, Connected Communities, and Better Health;
we are targeting a total of $1
billion by 2030 in community giving to help support
initiatives that focus on these drivers. 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. TD
also ranks among the world's leading online financial services
firms, with more than 16 million active online and mobile
customers. TD had $1.9 trillion in
assets on April 30, 2023. The
Toronto-Dominion Bank trades under the symbol "TD" on the
Toronto and New York Stock
Exchanges.
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SOURCE TD Bank Group