CHT wins $100,000 Housing for Everyone Award29-Nov-2011
Champlain Housing Trust Wins $100,000 Housing for Everyone Award from TD Charitable Foundation
Award to help expand affordable lending program
Burlington, Vermont – The Champlain Housing Trust announced today that the organization has been selected as a winner of the TD Charitable Foundation’s 2011 Housing for Everyone competition, one of 25 selected nationally out of a pool of about 500 submissions from organizations from Maine to Florida.
The Housing for Everyone award comes with a $100,000 grant to advance CHT’s efforts to provide and sustain affordable housing in northwestern Vermont. The grant specifically will be dedicated to an expansion of the Champlain Housing Loan Fund, CHT’s affordable lending arm, including attaining Community Development Financial Institution certification from the United States Treasury.
“We are so very thankful for TD’s support of our work to grow and diversify our programs to build sustainability in these uncertain times,” said Brenda Torpy, CEO of the Housing Trust. “We are challenged by the need for our services even as mainly traditional funding sources have diminished, so we are appreciative that the TD Charitable Foundation stepped forward to help us build our capacity to grow towards the future.”
This year’s Housing for Everyone theme was Building for the Future, focusing on three critical areas in affordable housing:
- Energy efficiency, including weatherization initiatives, HVAC improvements, or implementation of alternative or renewable energy sources;
- Capacity building, including the expansion of programmatic efforts or staff development for organizations that provide affordable housing services for low-to-moderate-income individuals or in low-to-moderate-income communities. Infrastructure investment to expand services provided will also be considered;
- And new unit creation, where organizations focus their efforts on the creation of new affordable housing units that benefit low-to-moderate-income individuals or communities.
The Housing for Everyone grant competition is one of the TD Charitable Foundation’s most widely known signature programs. The competition invites local non-profit organizations from Maine to Florida to submit proposals outlining their plans and initiatives to support and provide affordable housing initiatives in their communities. Twenty-five organizations throughout TD Bank’s footprint from Maine to Florida were awarded a $100,000 grant for a total grant donation of $2.5 million in 2011.
About the Champlain Housing Trust
The Champlain Housing Trust, founded in 1984, is the largest community land trust in the country. Throughout Chittenden, Franklin and Grand Isle counties, CHT owns or manages more than 1,500 apartments, stewards 500 owner-occupied homes in its signature shared-equity program, provides services to five housing cooperatives, and offers affordable energy efficiency and rehab loans. In 2008, CHT won the prestigious United Nations World Habitat Award, recognizing its innovative, sustainable programs. More information is available at www.champlainhousingtrust.org or via Twitter (www.twitter.com/chtrust) or Facebook (www.facebook.com/chtrust).
About the TD Charitable Foundation
The TD Charitable Foundation is the charitable giving arm of TD Bank N.A., which operates as TD Bank, America’s Most Convenient Bank®, and is one of the 10 largest commercial banking organizations in the United States. The Foundation's mission is to serve the individuals, families and businesses in all the communities where TD Bank operates, having made $82.7 million in charitable donations since its inception in 2002. The Foundation’s areas of focus are affordable housing, education and financial literacy, and the environment. More information on the TD Charitable Foundation, including an online grant application, is available at www.TDBank.com.
About TD Bank, America's Most Convenient Bank®
TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 7.4 million customers with a full range of retail, small business and commercial banking products and services at more than 1,275 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized wealth management services through TD Wealth, and insurance products and services through TD Insurance, Inc. TD Bank is headquartered in Cherry Hill, N.J., and Portland, Maine. To learn more, find TD Bank on Facebook at www.facebook.com/TDMoneyLoungeUS on Twitter at www.twitter.com/TDBank_US or visit www.tdbank.com.
TD Bank, America's Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America and one of the few banks in the world rated Aaa by Moody's. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD." To learn more, visit www.td.com.