WASHINGTON, D.C. – July 2, 2013 – (RealEstateRama) — TD Bank has announced the opening of the application period for its 2013 Housing for Everyone Grant program. Applications are due by August 30. The program will award a total of $2.5 million this year to 25 local non-profit organizations that address affordable housing needs in communities served by TD Bank, including $500,000 for organizations in Massachusetts, Rhode Island and Connecticut. The theme of this year’s competition is Neighborhood Revitalization and Stabilization. Applications for funding must focus on:
Preservation/Rehabilitation/Expansion of viable existing affordable housing properties: This may include the redesign, reconfiguration and or re-use of existing space in affordable housing properties to create increased quality and quantity of affordable housing units. Upgrades to systems, structure and efficiency of properties to preserve and prolong their use will be considered.
Utilization of abandoned properties to create new units of affordable housing: In urban, suburban and rural areas, the utilization of underused or abandoned properties to provide permanent or interim housing for low- and moderate- income individuals provides a tremendous opportunity to reverse neighborhood and community decline.
Special consideration will also be given to those initiatives that focus on energy efficiencies to be realized through foundation funding.
Applicants must be tax-exempt under IRS Code 501(c)(3) or must be a state/local government entity and must have a history of developing, maintaining and/or providing affordable housing for low- and moderate-income families or individuals (income not exceeding 80% of the area median income). See http://www.tdbank.com/community/housing_grant_competition.html for more information. Notification of awards will be made by mid November 2013.