Affordable Housing for Everyone

May 31, 2019 8:30 AM ET
Blog

With the rapid development and change we are experiencing in cities and communities, the cost of living is increasing. This is leading to unaffordable and unstable housing situations, which can go hand-in-hand with financial instability, especially when a large chunk of your paycheque goes to housing.

We believe that when we have peace of mind with where we will live day-to-day, we can more fully access the kinds of opportunities that we need in our community and the economy to help us plan for our future. For 13 years, the TD Charitable Foundation in the United States has run the Housing for Everyone program, supporting local non-profits in providing affordable housing to the most vulnerable, such as the chronically homeless, and individuals and families, such as newcomers, elderly, veterans, women, and youth.

In 2018, the program focused on supporting initiatives that would help expand access to affordable housing. A total of US$3.13 million was granted to 25 organizations from Maine to Florida, which are helping with the maintenance, restoration, or expansion of existing properties, creating new units to help increase the supply, or providing services that will help individuals transition to affordable housing. Through these 25 organizations 1,320 units of affordable housing will be added to the United States – but the impact is so much more. 

For more stories like this, read TD's 2018 report on The Ready Commitment.