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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


Affordable Housing


residents, and the provision of training and technical assistance for emerging construction- business owners.


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Ability Housing of Northeast Florida (Jacksonville, FL) was awarded US$100,000 for its Oakland Terrace Apartments project located on Jacksonville’s Eastside. The project is a 60- unit apartment building under threat of closure due to deteriorating conditions. Ability Housing is partnering with Family Foundations, River Region Human Services and Catholic Charities Workforce Development to deliver a variety of financial services, job training and life- management courses so that resident families have the opportunity to improve their living situation.


AFFORDABLE HOUSING LENDING AND INVESTMENTS


In 2014, we originated 74 loans totaling over US$491 million – up from US$136 million the previous year – to support developers and organizations in addressing affordable housing in the U.S. communities we serve. TD Bank also funded US$346 million last year in Low-Income Housing Tax Credits (LIHTC) to support new construction and rehabilitation of affordable housing for families, individuals and elderly residents. This is down slightly from $381 million funded in 2013.


▲ BEFORE AND AFTER


Revitalizing an Historic Neighborhood CASE STUDY


GO DEEPER TD BANK COMMUNITY


LIST OF 2014 HOUSING FOR EVERYONE RECIPIENTS


TD 2014 Corporate Responsibility Report Page 54


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East Baltimore’s historic Oliver neighborhood suffered years of disinvestment and economic decline. The community, adjacent to Johns Hopkins University, is part of a multi-phase revitalization initiative developed by The Reinvestment Fund to create affordable housing. TD Bank has invested over $2.2 million through the federal Low-Income Housing Tax Credit (“LIHTC”) program to support this active project.








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