Support from the TD Charitable Foundation will help Wesley Housing Expand its Housing Stability Services to an Additional 1,200+ Residents
Alexandria, VA, March 8, 2022: Wesley Housing 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®. Wesley Housing is one of 33 organizations selected from more than 357 applicants to receive a Housing for Everyone grant as part of the Foundation’s annual grant program that has helped to provide affordable housing since 2005.
The Housing for Everyone grant will support expansion of Wesley Housing’s award-winning Housing Stability Initiative (HSI), which offers on-site services to 100% of its residents, focusing on housing, personal, and financial stability. This summer, Wesley Housing will be adding nearly 400 new affordable housing units to the region, which will add more than 1,200 residents to its current portfolio, totaling 4,500 residents. The grant will support the expansion of the HSI and will be crucial in helping current and new residents avoid eviction, maintain their housing, and build up their station in life.
The housing affordability crisis has worsened over the past two years, impacted by the COVID-19 pandemic, and housing organizations have worked tirelessly to meet the increasing need for assistance from individuals and families. The growing need for assistance has strained affordable housing organizations and made it difficult to continue delivering critical resources and services.
Without resident services from affordable housing providers, like eviction assistance and housing search assistance, many individuals and families will struggle to find or risk losing a safe, affordable place to call home. “On behalf of our residents, we are so grateful to be selected as a grant award recipient,” said Shelley Murphy, President/CEO at Wesley Housing. “Wesley Housing’s families, who are 86% non-white and earn an average of $36,575/year or less than a third of the Area Median Income, are in critical need of affordable housing and the supportive services our HSI provides. As our footprint grows and we increase the number of vulnerable community members housed, this grant will help ensure there are no gaps in service delivery,” added Murphy.
“Too many Virginians struggle to find a safe, affordable place to live, and it has become even more challenging to do that during the COVID-19 pandemic. We are so fortunate to have such an incredible community organization like Wesley House in Northern Virginia that is committed to making sure those who need assistance can access the resources and services needed to feel confident about their future and find a safe, affordable and stable living situation,” said Hugh Allen, Regional President for the Mid-South Metro at TD Bank.
The TD Charitable Foundation awarded $5.8 million through the 16th annual Housing for Everyone grant competition to a total of 33 organizations across TD Bank’s Maine-to-Florida footprint and Michigan to help support affordable housing organizations provide critical resident services. Since 2005, the TD Charitable Foundation has given more than $42 million dollars to non-profit and charitable organizations through the Housing for Everyone grant competition and helped support over 500 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 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://www.td.com/us/en/about-us/communities/ready-commitment/funding-opportunities/housing-for-everyone/.
About Housing for Everyone
Since inception in 2005, the TD Charitable Foundation’s annual Housing for Everyone grant competition has awarded more than $42 million to over 500 affordable housing initiatives. The Housing for Everyone grant competition supports TD’s longstanding commitment to community enrichment through TD’s corporate citizenship platform, The Ready Commitment, which actively promotes inclusivity, economic vitality and environmental wellbeing, enabling people of all backgrounds to succeed in a rapidly changing world. As part of The Ready Commitment, TD targets US $775 million in total contributions toward community giving by 2030 in four critical areas: Financial Security, a more Vibrant Planet, Connected Communities and Better Health. Through this platform, TD aspires to create a more inclusive tomorrow — helping people of all backgrounds feel more confident, not just about their finances, but about their ability to achieve their goals.
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 $282 million through donations to local nonprofits from Maine to Florida. More information on the TD Charitable Foundation is available at https://www.tdbank.com/corporate-responsibility/theready-commitment/funding-opportunities/.