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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 HEADLINE PERFORMANCE US $16.6 million

donated over the past four years by the TD Charitable Foundation to organizations that are improving and expanding affordable housing.


Our goal in this area is to improve the quality and availability of affordable housing units across our footprint, in an effort to create positive outcomes for people and neighbourhoods on which our business depends. To achieve this, we take a multi-faceted approach by:


Providing community development loans and services to companies developing or preserving affordable housing in low- and moderate- income areas


Making investments through low-income- housing tax credits that benefit underserved communities

Targets 2014 Targets

Provide 25 grants totaling US$2.5 million to organizations working to develop or rehabilitate affordable housing units.

Affordable Housing


Housing is a necessity of life. Yet the lack of affordable shelter is a persistent and growing problem in cities across America. It threatens the health and quality of life of millions of people who struggle to find an affordable place to live, while also impeding business investment and growth in affected neighbourhoods.

We know that TD employees and customers need to live, work and raise families in thriving and diverse communities. Access to safe, affordable housing is essential to that. Given TD’s role in local economies, particularly in mortgage and development financing, we can make a powerful difference by mobilizing investment and collaboration to tackle affordable housing issues.

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Investing significant support from the TD Charitable Foundation, including through our annual Housing for Everyone grant competition, which funds non-profits that are leading the way in building new affordable housing and enhancing the existing supply


TD Charitable Foundation Activities In 2014, the TD Charitable Foundation continued to promote affordable housing and community economic development. Our signature giving program, the Housing for Everyone grant competition, distributed 25 grants of US$100,000 each to non-profits supporting affordable housing initiatives from Maine to Florida. Including these contributions, the competition has awarded more than US $17.4 million since the program’s inception in 2006 to provide or improve access to safe, affordable housing to low- to moderate- income individuals.

Last year’s competition – themed “Building for the Future” – focused on building, rehabilitating, renovating or expanding quality rental housing units for families with children. Here are some examples of the award-winning projects:


Rating 2014 Results Achieved


2014 Funding for affordable housing through TD Charitable Foundation1 U.S. (millions of U.S. dollars)

TD 2014 Corporate Responsibility Report Page 53

2015 Targets Same as 2014

New Jersey Community Capital (Newark, NJ) was awarded US$100,000 for its ReSeed Newark Initiative in which its real-estate subsidiary, Community Asset Preservation Corporation (“CAPC”), will lead the redevelopment of 156 properties (approximately 360 units) of abandoned housing in four of Newark’s most distressed communities. ReSeed Newark will invest in these local neighborhoods in three key ways: through the expansion of affordable housing units, the creation of construction jobs and entrepreneurship opportunities for Newark

$4.5 1 Total charitable funding, including $2.5 million provided through the annual Housing for Everyone competition.

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