Connecticut Housing Partners awarded a $125,000 grant from TD Bank

TD Charitable Foundation Supports Connecticut Housing Partners 
with their $125,000 "Housing for Everyone" Grant

The TD Charitable Foundation, the charitable giving arm of TD Bank, America’s Most Convenient Bank®, recently donated a total of $125,000 to Connecticut Housing Partners as part of the foundation’s "Housing for Everyone" grant competition. A total of $3.75 million was provided to 30 nonprofits to improve access to safe, clean and affordable housing in communities from Maine to Florida. "The Housing for Everyone grants bring the bank's social impact platform, the TD Ready Commitment, to life by helping to create safe, affordable residences for those in greatest need," said Paige Carlson-Heim, Director of the TD Charitable Foundation and Office of Charitable and Community Giving. "We recognize that having a safe, affordable place to live is essential to achieving financial security."

The funds from the TD Charitable Foundation will be used to rehabilitate Maplewood Court, CHP’s 32-unit family development in Bridgeport that was impacted by Hurricane Sandy. Eight units are off-line, and complete rehabilitation of the development is required to preserve existing affordable housing and place back into service the eight off-line units.

 “There is a severe housing crisis and minimum wage earners can’t afford housing. Connecticut is in the top 10 least affordable states where the housing wage for a 2-bedroom apartment would be $25.40 per hour and 101 hours a week would have to be put in to afford the rent, the equivalent of 2.5 full-time jobs, said Renee Dobos, Chief Executive Officer of Connecticut Housing Partners. “The average income of the residents at CHP’s Maplewood Court is $22,930 and many households require rental support via subsidy from Federal, state or local government. Getting these eight off-line units back up and running is critical to getting our families situated in safe and stable housing.”