The TD Charitable Foundation awards Housing for Everyone Grant to Wesley Housing
Alexandria, VA, March 4, 2021 – Wesley Housing has been named one of 32 recipients of the 15th Annual Housing for Everyone grant program from the TD Charitable Foundation, the charitable giving arm of TD Bank.
Wesley Housing is a leading nonprofit, affordable rental housing developer that builds and preserves permanent housing options for low- and moderate-income (LMI) persons across Northern Virginia and the District of Columbia. Since the pandemic, nearly 1,094 households, or nearly 70% of Wesley’s portfolio, have been referred to eviction prevention services, and requests for employment assistance have nearly doubled, increasing from 14 to 26 requests monthly. In response, Wesley Housing’s resident services team is providing emergency relief via its award-winning Housing Stability Initiative (HSI), the basis of its supportive services programming, which empowers vulnerable families with the resources and skills they need to stabilize their housing and income to become self-sufficient. While these services are permanent and ongoing year-round in Wesley Housing’s communities, they have been adjusted to fit the current needs of residents, focusing on the areas of housing and job stability, and are being implemented remotely for everyone’s health and safety.
“Wesley Housing has developed a comprehensive initiative to help COVID-19 -impacted families avoid eviction, obtain stable, affordable housing and achieve self-sufficiency,” said Terry Kenny, Market President, TD Bank. “Being awarded the 15th Annual Housing for Everyone grant is an acknowledgement of Wesley Housing’s dedication to ensuring an inclusive recovery from the pandemic.”
The Housing for Everyone grant competition supports TD’s longstanding commitment to community enrichment through TD’s corporate citizenship platform, the TD Ready Commitment. The TD Ready Commitment seeks to help people feel more confident, not just about their finances, but about their future. It is driven by a central belief that together we can help build inclusive futures where everyone has the opportunity to succeed in a changing world. As part of the TD Ready Commitment, TD targets $775 million in total by 2030 to donate towards community giving in four critical areas: Financial Security, a more Vibrant Planet, Connected Communities and Better Health. Visit: https://www.tdbank.com/corporate-responsibility/the-ready-commitment/
In 2020, the COVID-19 pandemic had an immense and disproportionate impact on those most vulnerable, including renters, and that’s why the 2020 Housing for Everyone program focused on organizations working to keep families and individuals who rent in their homes.
“On behalf of our residents, we are so thankful to be selected as a recipient,” said Wesley Housing President/CEO Shelley Murphy. “Our residents reflect many in the region who have lost their jobs, are existing on limited to no income, and may continue to do so for some time. With these funds, we’ll be able to provide these families with the support and community resources needed to maintain their housing, secure a living wage, and/or apply for applicable unemployment benefits.”
In total, TD Charitable Foundation awarded $4.9 million for the 2020 Housing for Everyone program, as part of the more than $20 million that TD has allocated to help strengthen community resilience and COVID-19 recovery through the TD Community Resilience Initiative.
A full list of the Housing for Everyone recipients can be found at https://stories.td.com/us/en/article/td-charitable-foundation-awards-grants-to-32-non-profits-helping-covid-impacted-renters-in-local-communities.
About Wesley Housing: Wesley Housing, a leading nonprofit developer in Northern Virginia and the District of Columbia, has been working to provide affordable rental housing for families for more than 46 years. Since its founding, Wesley Housing has emerged as a premier developer of affordable housing. Wesley Housing has acquired or developed 2,300 rental units, providing quality housing for thousands of at-risk individuals and families each year. Wesley Housing supplements housing with supportive services to build up the lives of its residents, including low- and moderate-income families, older adults, and individuals with disabilities and/or chronic disease. For more information, please visit www.wesleyhousing.org and follow @WesleyHousing on social media.
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 $254 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/the-ready-commitment/funding-opportunities/