Nonprofits to share $7M for preserving affordable rental housing

Nonprofit organizations are vying for some of the $7 million to be awarded by the TD Charitable Foundation for efforts to preserve affordable rental housing. 

The foundation, the charitable arm of TD Bank, has been accepting applications for its 17th annual Housing for Everyone grant competition, which this year focuses on nonprofits delivering rental assistance, rehabilitating affordable housing properties, and addressing resident sustainability, according to a foundation statement. 

Nonprofits from 17 states and Washington D.C. are eligible for the grants and the deadline for applications is Tuesday, Feb. 14. The money will be awarded to 37 nonprofits.

“Housing organizations are on the front lines of this growing affordable housing crisis. They are called upon time and time again to meet the needs of some of the most vulnerable members of our communities,” Paige Carlson-Heim, director of the TD Charitable Foundation, said in the statement. “We expect the demand for affordable units and assistance with rent to increase, so our 17th annual Housing for Everyone grant program centers on supporting those organizations delivering rental assistance, rehabilitating affordable housing properties, and building organizational capacity to address resident sustainability for the long-term.”  

Since its inception in 2005, the Housing for Everyone grant program has awarded more than $42 million to nonprofit organizations, supporting more than 500 affordable housing initiatives in the communities TD serves, the foundation said. 

Information on applying for the grants can be found on the TD Bank website. The winners will be announced in May.