Customers Progress Report on Priority Areas
Affordable Housing in the U.S.
Goal
Improve the quality and availability of affordable housing units.
Financials $4.45 million
donated to organizations dedicated to improving and expanding affordable housing from the TD Charitable Foundation.
Targets 2013 Target
25 grants totaling $2.5 million issued through the Housing for Everyone competition.
Workplace
Environment
Communities
How We Operate
90
Rating
2014 Target 25 grants totaling $2.5million
TD Charitable Foundation Activities
Through the Housing for Everyone grant, TD Charitable Foundation provided $2.5 million to 25 organizations to develop or rehabilitate affordable housing units. Now in its eight year, the competition enables community organizations to apply for grants of $100,000 to bolster affordable housing efforts in local communities. Here are some examples of the award- winning projects:
• The development of 48 new units of affordable rental housing in Brewer, Maine, contributing to a broader downtown revitalization project.
• Supporting the renovation of seven foreclosed homes in Gainesville, Florida, helping the city’s efforts to revitalize blighted neighborhoods.
• Supporting the new construction and renovation of a five-building development in Asheville, North Carolina. This project will provide 62 affordable apartments, new commercial space apartments and 7,000 square feet of commercial space (50 new jobs expected).
Community Development Activities
Community Development Lending: In 2013, we made 60 community development loans to help address affordable housing in the U.S. communities we serve. These loans represent US$136 million in funding.
Community Development Investments: TD funded $381 million last year in low- income housing tax credits in support of safe, affordable housing for families, individual and elderly residents. Here are some examples of those projects:
• A $16.4 million investment in a new 77-unit affordable housing project in New Haven, Connecticut, located on the site of a demolished housing project, targeted to families earning at or below 80% of the area median income.
• A $8.5 million investment in a new 60-unit residential housing unit in Brooklyn, New York, for formerly homeless adults with persistent mental health illness.
• A $7.4 million investment in a 60-unit affordable housing project located in Jacksonville, Florida, to support the renovation and preservation of affordable housing for families earning at or below 60% of the area median income.
TD 2013 Corporate Responsibility Report
WATCH THE VIDEO Making a
Neighborhood
Additional Links
+ TD Bank Community + List of 2013 Housing for Everyone recipients
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118