May 2023 – Nuestra Comunidad Development Corporation was 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®. Nuestra 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 close the gap in funding for the rehabilitation and reconstruction of NCDC’s Dudley Crossing affordable housing development in Roxbury, MA. (Dudley Crossing team pictured.) This project will ensure that the three buildings, and the residential units therein, continue to provide a high-quality standard of living for its residents, which can be maintained for decades to come.
“With TD Charitable Foundation’s partnership, we will be able to complete this transformation of 47 low-income households,” said NCDC Executive Director N. Paul TonThat. “That means that roughly 120 individuals will be able to maintain housing stability through Nuestra’s Dudley Crossing development.”
“We are inspired by Nuestra Comunidad Development Corporation’s work and proud to support them in their continued efforts to provide safe, affordable housing to the most vulnerable members of this community,” said Sheryl McQuade, Regional President of Metro New England, TD Bank. “Rehabiliting and reconstructing existing buildings is an important part of increasing access to safe, affordable housing for those for those who need it most, and we look forward to the positive impact these efforts will have on the Roxbury community in the coming months and years.”
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.
Click here to learn more about Housing for Everyone and for a full list of this year’s grant recipients.
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 here.