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Strengthening Communities


Building The Better Bank Material Issues How We Operate Responsible Banking Extraordinary Workplace Environmental Leadership Strengthening Communities


Community Investment Financial Education Affordable Housing Sourcing Tax Policy


Reporting


SOCIAL FINANCE AND COMMUNITY DEVELOPMENT


Our community investments go beyond philanthropy. From the TD Green Bond for investors and green product options for customers to financing social ventures, TD is involved in a range of initiatives that provide a financial return to the bank while creating positive social, economic and environmental impacts in communities where we operate.


Catapulting Social Ventures to Success TD is playing a pivotal role in catalyzing the Canadian social finance marketplace, as a partner in the Ontario Catapult Microloan Fund for Social Ventures. Administered by the Centre for Social Innovation in partnership with TD, the Province of Ontario, Alterna Savings, Microsoft Canada, KPMG and Social Capital Partners, the Fund provides low-interest loans of $5,000 to $25,000 – along with training and mentorship – to help social ventures succeed. Fund partners also offer one-on-one meetings with unsuccessful applicants on how to improve their submissions.


TD 2014 Corporate Responsibility Report Page 50


Eight social ventures have received nine loans since the Catapult Fund was launched in May 2013. Fresh City Farms is one of them. Offering farm- to-table groceries, the Toronto-based company combines sustainable farming with a convenient online shopping platform, allowing consumers to buy fresh, local and organic food that is delivered to their door.


Supporting Underserved Communities in the U.S. As one of the largest banks in North America, we have a particular responsibility to demonstrate leadership and commitment to serving the needs of low- and moderate-income individuals, families and businesses – in areas such as credit, lending, financial outreach and real-estate development. In 2014, TD Bank in the U.S. provided more than US$1 billion, up from US$422 million in 2013, for community development loans and investments in underserved locations.


Here are some examples: n


After the Storm – Springfield Watch Annie’s story about the impact of a tornado on her home and community.


Community Investment


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Through the New Markets Tax Credit program, we provided more than US$2.3 million to support the revitalization of low-income and distressed communities by improving access to capital for job creation and economic opportunities.


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State tax credits and other investments supporting local initiatives for low- to moderate-income individuals and families exceeded US$1.6 million.


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TD originated 172 community development loans for low- to moderate-income groups, totaling more than US$662.8 million, under the following categories:


• Affordable housing (74%) • Community services (13%) • Revitalization (11%) • Economic development of small businesses (2%)


For more examples, please see the Affordable Housing section of this report.





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