Support from the TD Charitable Foundation will help Lamoille Housing Partnership enhance affordability mission, reduce carbon footprint.
Vermont Business Magazine Lamoille Housing Partnership (LHP,) nonprofit affordable housing developer, was recently awarded a $175,000 Housing for Everyone grant from the TD Charitable Foundation, the charitable giving arm of TD Bank. LHP 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 TD Charitable Foundation grant will help fund rehabilitation of LHP’s Mann’s Meadow Senior and Family Apartments, providing LHP with funds to reroof both properties, add solar energy generation capacity that is not in place now, and support 32 current and future households residing at the affordable housing development.
"TD Charitable Foundation’s support ensures existing affordable housing infrastructure remains a long term, community asset to the Town of Cambridge; enhances community and housing affordability for families and aging people that earn lower and moderate incomes; and reduces Mann’s Meadow Apartments’ use of non-renewable energy,” said Kerrie Lohr, LHP’s Advancement & Communications Director.
Additional funding for the property rehabilitation effort came from American Rescue Plan Act funds from the Town of Cambridge, federal solar credits, and in-house available funds.
“We are so excited to support Lamoille Housing Partnership and all the good work they do to increase access to safe and affordable housing in our community,” said Sheryl McQuade, Regional President of Metro New England, TD Bank. “Everyone deserves a safe, affordable place to call home, and Lamoille Housing Partnership's commitment to the rehabilitation of existing affordable housing structures is key to making that a reality for the long-term.”
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 About Lamoille Housing Partnership Lamoille Housing Partnership collaborates with communities to create and preserve quality affordable housing opportunities for lower and moderate income earning households in Hardwick and Lamoille County. Since 1991, the nonprofit organization has developed more than 300 income eligible, affordable rental homes. Learn more at www.lamoillehousing.org. 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/.
Source: Morrisville, VT, May 15, 2023 – Lamoille Housing Partnership
