HopePHL Awarded $250,000 Housing for Everyone Grant from TD Charitable Foundation in Support of Homelessness Prevention
HopePHL™ 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®. HopePHL™ 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.
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 HopePHL’s homelessness prevention work, which assists people at risk of homelessness in Philadelphia to remain in their homes and avoid emergency shelter. Through case management and direct financial assistance grants, the agency’s program provides West Philadelphia families with support to overcome a housing crisis. Since its launch in July 2020, HopePHL's program has successfully delivered these services to 355 families and has provided over $880,000 in emergency rental assistance grants.
“TD Charitable Foundation’s grant offers much needed support that, when combined with the broad array of HopePHL’s services, will provide relief to West Philadelphia renters in a shrinking affordable housing market,” said Kathy Desmond, President at HopePHL. “We are grateful to receive a Housing for Everyone Grant and to work closely with TD on this important work.”
“We are excited to support HopePHL and their homelessness prevention efforts across West Philadelphia as part of this year’s Housing for Everyone grant competition,” said Rob Curley, Regional President of Metro PA/NJ, TD Bank. “I am inspired by their work providing a range of services aimed at creating a pathway to stable, affordable rental housing and look forward to seeing what they will continue to accomplish for our most vulnerable communities 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.
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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