HANDS receives $250,000 Housing for Everyone Grant from TD Charitable Foundation
Support from the TD Charitable Foundation will help HANDS keep families in stable housing and invest in improving properties during this time of economic uncertainty
Orange, New Jersey, June 15, 2023 – HANDS has spent the last 37 years transforming neighborhoods in Orange and East Orange by investing in community-driven housing and warehouse redevelopment. By supporting stability for income-constrained residents and organizations, HANDS paves the way for further investment in the underappreciated assets and strengths already present. HANDS, was recently awarded a $250,000 Housing for Everyone grant from the TD Charitable Foundation, the charitable giving arm of TD Bank, America's Most Convenient Bank®. HANDS, Inc. is one of 37 non-profit organizations selected from more than 450 applicants to receive a Housing for Everyone grant as part of the TD Charitable Foundation's signature grant initiative that has helped support organizations that are focused on providing affordable housing and affordable housing services since 2005.
In recent years the housing affordability crisis has continued to be a financial burden on families. As individuals and families across the country struggle with inflation and an exponential rise in rental costs, affordable housing providers face increased hardship given the growing demand for affordable rental units and emergency rental assistance.
The grant will support keeping units affordable for low and moderate income African American and Hispanic populations, as well as rehabilitation and capital improvements for some properties. HANDS will also implement a sustainability plan to expand its property management line of business.
“In this time of shifting support for families most impacted by systemic racism, divestment, and generational poverty, ensuring access to stable, quality housing will help families and our entire community weather the storm. This is amazing and much-needed support from the TD Charitable Foundation,” said Lisa Boyd, Interim Executive Director, at HANDS.
“Access to safe, affordable housing is an essential first step towards creating a more sustainable and inclusive future for all,” said Rob Curley, Regional President of Metro PA/NJ, TD Bank. “We are proud to support Housing and Neighborhood Development Services and the critical work they are doing to increase access to affordable housing for individuals and families in our community.”
Through the 17th annual Housing for Everyone grant competition, the TD Charitable Foundation awarded $7 million across the Bank's Maine-to-Florida footprint and Michigan to help support affordable housing organizations who focus on preserving affordable rental housing in their work to deliver rental assistance, rehabilitate affordable rental housing properties, and build organizational capacity to address resident sustainability for the long-term. Since 2005, the TD Charitable Foundation has given more than $49 million dollars to non-profit and charitable organizations through the Housing for Everyone grant competition and helped support more than 550 affordable housing projects and initiatives.
The Housing for Everyone grant competition supports TD's longstanding commitment to community enrichment through TD's corporate citizenship platform, The TD Ready Commitment, which actively promotes inclusivity, economic vitality and environmental wellbeing, enabling people of all backgrounds to succeed in a rapidly changing world.
To learn more about Housing for Everyone and for a full list of this year's grant recipients, please visit https://stories.td.com/us/en/article/td-charitable-foundation-awards-7-million-to-37-non-profits-helping-preserve-affordable-rental-housing.
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About Housing and Neighborhood Development Services, Inc.
Housing and Neighborhood Development Services, Inc has continued to operate as an affordable housing owner and developer for almost 4 decades. Our strategies include creation and preservation of affordable rental properties while simultaneously stabilizing the local economy and creating commercial districts. We aim to address the local needs of the community. Providing healthy, safe, and affordable housing is the fundamental driver and building block of all our real estate developments. Our mixed-use properties present a unique combination of low-income residential housing; serving minority populations, artistic and creative entrepreneurs; all collaborating to stabilize and sustain a local economy.
About the TD Charitable Foundation
The TD Charitable Foundation is the charitable giving arm of TD Bank, America's Most Convenient Bank®, one of the 10 largest commercial banking organizations in the United States. Since its inception in 2002, the Foundation has distributed over $300 million through donations to local nonprofits from Maine to Florida footprint and Michigan. More information on the TD Charitable Foundation is available at https://www.tdbank.com/corporate-responsibility/the-ready-commitment/funding-opportunities/.
