On November 20, 2018, TD Charitable Foundation surprised Jubilee Housing with a cake and an award for $125,000 as part of their Housing for Everyone grant competition. This grant will support the work of Jubilee Housing to build and preserve 50 more units of deeply affordable housing across Jubilee’s two newest properties: 1460 Euclid St NW and 1724 Kalorama Rd NW.
This award serves as validation of Jubilee’s justice housingTM vision that calls on us to build deeply affordable housing, with onsite and nearby services, in thriving neighborhoods. These buildings will fill a gap in Jubilee’s current housing by adding family-sized units including two 4-bedroom and fourteen 3-bedroom apartments.
Two-thirds of these units will be targeted towards families making less than or equal to 30% of Area Median Income, or just $33k for a family of four. Both of the buildings are in walking distance of grocery stores, schools, doctors, daycare, afterschool programs, and more. By moving into Jubilee Housing, these families will be able to access resources and opportunities they would not have been able to otherwise.
“Once individuals and families can afford their rent, there is more left over to handle other needs. What we offer is a housing-centric approach that enables people to live in well-maintained, affordable homes near supportive services and resources that everyone needs,” said Jim Knight, Jubilee Housing’s Executive Director.
“This is justice housing. We hold deep gratitude for partners such as TD Charitable Foundation that help us build homes for families where they can thrive.”
TD Charitable Foundation awards over $3 million a year to create, rehabilitate, and maintain safe, affordable housing. Terry Kenny, TD Bank Market President, presented the grant award to Jubilee Housing and was joined by TD Bank Vice Presidents – Hugh Franklin, JoAnna Mason, and Donna Grigsby.
While presenting the award, TD Bank noted that Jubilee Housing ranked #1 in its application and that they were proud to support such important work. This is an important confirmation of Jubilee’s model and mission, and shows that even though affordable housing development can be more difficult and expensive in high-resource neighborhoods, the benefits for low-income families to live in these neighborhoods cannot be overstated.
This contribution maintains TD’s longstanding commitment to community enrichment through its newly launched Ready Commitment, a multi-year platform that actively promotes inclusivity, economic vitality, and environmental well-being and health, enabling people of all backgrounds to succeed in a rapidly changing world. As part of The Ready Commitment, TD targets CDN $1 billion (US $775 million) in total by 2030 towards community giving 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.
For information, visit td.com/thereadycommitment.