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Housing grant competition

Posted by: VHFA on July 12, 2010 - 12:56pm

The TD Charitable Foundation is accepting applications for its 2010 Housing for Everyone grant competition.

The foundation, the charitable arm of TD Bank, will give $1.7 million to 34 local non-profit organizations that make a meaningful difference in meeting the affordable housing needs of their communities.

The theme of this year’s competition is Capital Improvements for Affordable Housing.

Here are the criteria:

  • Applicant organization must be tax-exempt under IRS Code 501(c)(3) or must be a state/local government entity;
  • Housing units or properties to be improved must be located in a TD Bank N.A. metro market area;
  • Applicant organization must have a history of developing, maintaining and/or providing affordable housing for low- and moderate-income families or individuals (income may not exceed 80% of the area median income);
  • Applicant organization must be able to show the impact they have made to affordable housing efforts in their community;
  • Applicant organization must show fiscal responsibility and ongoing viability;
  • All housing units or properties to be improved must be for and occupied by low- and moderate-income families or individuals;
  • Applicant organization must be current on all outstanding debt obligations, utility payments and taxes, there can be no unsatisfied judgments/liens on the property;
  • Applicant organization must be able to quantify the impact of their proposed capital improvements;
  • Applicant organization that is applying for capital improvements of rental units must show an ownership interest in the subject property; and
  • Applicant organization must not have any pending legal actions against it.

Applications will only be accepted through the TD Charitable Foundation’s online application system. Paper applications will not be accepted.

Applications should be submitted by 4 p.m. ET on Friday, Sept. 3. Notification of awards will be made by early November.

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