St. Petersburg Housing Authority receives $250,000 Housing for Everyone Grant from TD Charitable Foundation
St. Petersburg Housing Authority receives $250,000 Housing for Everyone Grant from TD Charitable Foundation
Support from the TD Charitable Foundation will go towards new windows and roofing at Saratoga Apartments
ST. PETERSBURG, FL, MAY 9, 2023 - The St. Petersburg Housing Authority (SPHA), the leading provider of affordable housing in the city of St. Petersburg, 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®. SPHA 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 impact 34 families living at Saratoga Apartments, one of the properties in SPHA's Affordable Housing program. Saratoga Apartments is a low-cost rental option for individuals and families who struggle to afford market-rate apartments, but who do not receive any housing subsidies. The grant will allow SPHA to purchase new windows and roofing for the property.
"We are thrilled to receive a Housing for Everyone grant. With support from TD Bank, we are able to make necessary property improvements, ensuring that our housing stays affordable, accessible, and safe. This grant allows us to keep creating opportunities for stronger communities," said Michael Lundy, SPHA President and Chief Executive Officer.
"Access to safe, affordable housing is a critical first step in the journey towards creating a more sustainable and inclusive future for all," said Nick Miceli, Regional President of Florida Metro, TD Bank. "The work the SPHA is doing in the St. Petersburg community to increase access to low-cost rental options for those who need it most is incredibly inspiring, and we look forward to supporting their ongoing efforts through this year's Housing for Everyone initiative."
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 https://stories.td.com/us/en/article/td-charitable-foundation-awards-7-million-to-37-non-profits-helping-preserve-affordable-rental-housing.
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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/.
About the St. Petersburg Housing Authority (SPHA):
An independent quasi-governmental entity and a political subdivision of the State of Florida, operating under Chapter 421 Florida Statutes, SPHA is the local administrative agency for housing assistance programs funded by the U.S. Department of Housing and Urban Development (HUD). SPHA offers a variety of programs and services that provide affordable rental housing to low-income families, seniors, veterans, and the disabled in the greater St. Petersburg region. For more information, visit www.stpeteha.org.