LACONIA – Lakes Region Community Developers (LRCD) is proud to announce they were recently awarded a $25,000 grant from the TD Charitable Foundation for LRCD’s Affordable Rental Housing Program. The philosophy behind LRCD's Affordable Rental Housing Program is that housing is a platform that all people need to thrive. People who live in healthy, safe, stable housing are better parents, neighbors, and employees. The objectives of LRCD’s Affordable Rental Housing Program are to create housing opportunities for people of low income and to empower them to achieve economic security. To achieve these objectives, LRCD operates, and maintains affordable rental apartments and provides support services to the tenants who live in them. Over its 30-year history, LRCD has developed 367 rental homes for people of low income in Ashland, Gilford, Laconia, Meredith, Tilton, and Wolfeboro, including the recent preservation and rehabilitation of 65 units in Ashland and Meredith that would have converted to market-rate housing had LRCD not acquired them. LRCD has 131 new rental units in its development pipeline, with hopes to get construction of 45 of those units underway this spring. “This grant is so impactful. It helps us fulfill our mission during a challenging time,” says LRCD Executive Director, Carmen Lorentz. “The housing crisis is dire. We all know someone struggling to find housing they can actually afford. This grant helps us create more affordable housing opportunities for local people who need it.” “TD is thrilled to support the critical work being done through Lakes Region Community Developers to address the affordable housing needs area,” said Sheryl McQuade, Regional President, Metro New England, TD Bank. “Their work to sustain and maintain affordable rental apartments is an important step toward a more economically inclusive future for all individuals and families who call New Hampshire home.” About Lakes Region Community Developers: Lakes Region Community Developers’ mission is to create opportunities for the Lakes Region to thrive by developing healthy homes, creating vibrant community assets, and engaging residents. 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 banks in the U.S., providing over 9.8 million customers with a full range of retail, small business and commercial banking products and services at more than 1,100 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. Since its inception in 2002, the Foundation has distributed over $323 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/. About the TD Ready Commitment TD has a long-standing commitment to enriching the lives of its customers, colleagues and communities. Under the TD Ready Commitment and its four key, interconnected drivers of: Financial Security, Vibrant Planet, Connected Communities, and Better Health; we are targeting a total of $1 billion by 2030 in community giving to help support initiatives that focus on these drivers. Through the TD Ready Commitment, TD aspires to link its business, philanthropy and human capital to help people feel more confident – not just about their finances, but also in their ability to achieve their personal goals in a changing world. For further information, visit www.td.com/tdreadycommitment. Comments are closed.
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