TD Awards $5 Million to U.S. Organizations Addressing Systemic Barriers to Affordable Housing

TD today announced the grant recipients of its 2023 TD Ready Challenge, an annual North American initiative that seeks to support non-profit and charitable organizations developing innovative, impactful, and measurable solutions for communities across the U.S. and Canada. This year's recipients include five U.S. non-profit organizations providing innovative solutions that address systemic barriers to affordable housing across the continuum from transitional to permanent homes.

"Having a safe and stable place to call home is central to overall wellbeing. The lack of affordable housing causes serious ripple effects that impact everything from health outcomes to educational opportunities to overall financial security," said Shelley Sylva, Head of U.S. Corporate Citizenship at TD Bank. "Part of the goal of the TD Ready Challenge is to uplift and support nonprofits in their innovative efforts to enrich the communities where we live and work, and I am incredibly proud of the five U.S. recipients and the impact I know they're going to have on so many across our footprint in the years to come."

The TD Ready Challenge is part of the Bank's longstanding commitment to helping create a more inclusive and sustainable future, and a signature program within its corporate citizenship platform, the TD Ready Commitment. Each year, the TD Ready Challenge invites eligible organizations to submit applications that offer solutions for a problem statement that is connected to the TD Ready Commitment and its four drivers of change: Financial Security, Vibrant Planet, Connected Communities and Better Health. Always themed around timely issues, in previous years, the TD Ready Challenge has focused on driving more equitable health outcomes, promoting income stability, and addressing pandemic-related learning loss.

"Opening doors for a more inclusive and sustainable future is core to our purpose as a community-focused organization," said Leo Salom, President and CEO, TD Bank. "Through the TD Ready Challenge, we're standing behind organizations with promising new ideas to address systemic barriers to permanent and stable housing in communities across our footprint and helping to create additional economic opportunities for all."

The five $1 million U.S. 2023 TD Ready Challenge recipients describe their winning submissions in their own words:

Washington Housing Conservancy - Housing + Mobility + Equity Accelerator (HMEA) – Washington, DC

"The Housing + Mobility + Equity Accelerator (HMEA) preserves housing affordability in the Washington DC-region, while providing other cities with a blueprint for doing the same. HMEA is uniquely focused on competing with private-sector developers to increase the supply of affordable rental homes for residents at greatest risk of being displaced from economically thriving neighbourhoods."