Support from the TD Charitable Foundation will help Community Concepts renovate affordable housing complexes to improve quality of life for residents and increase sustainability
Community Concepts was recently awarded a $150,000 Housing for Everyone grant from the TD Charitable Foundation, the charitable giving arm of TD Bank, America’s Most Convenient Bank®. CCI 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 support renovation projects at several CCI-owned affordable housing complexes to increase their financial and environmental sustainability. Projects will include replacing oil-burning boilers with high-efficiency propane boilers and replacing aging roofs.
“Community Concepts is committed to supporting creative solutions to Maine’s housing crisis, including investment in and preservation of existing affordable housing options,” said Jim Martin, Chief Executive Officer at CCI. “We deeply appreciate TD Bank’s support with our organization, and this generous grant will allow us to make important investments in energy efficiency projects that will reduce operating costs and support long-term sustainability of these affordable homes.”
“We are so excited to support the work Community Concepts does to help those impacted by the affordable housing crisis in Western Maine,” said Sheryl McQuade, Regional President of Metro New England. “Finding ways to make affordable housing sustainable is not only critically important as we think about providing access for the long-term, it also directly aligns with TD’s commitment to creating a more sustainable and inclusive future for all.”
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 the TD website.
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/.