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NJCDC Receives $150,000 Housing for Everyone Grant from TD Charitable Foundation

NJCDC Receives $150,000 Housing for Everyone Grant from TD Charitable Foundation

May 17, 2023

TD Charitable Foundation—the charitable giving arm of TD Bank, recently awarded NJCDC a $150,000 Housing for Everyone grant to hire an Affordable Housing Resource Coordinator. We were one of 37 non-profit organizations selected from more than 450 applicants to receive the 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, including those here in Paterson. 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 support the hiring of an Affordable Housing Resource Coordinator, who will create a centralized hub to guide Paterson residents through the process of locating affordable housing. The Coordinator will keep residents updated on open lotteries for subsidized housing vouchers and maintain a database of vacant affordable units in the city. The Coordinator will also sponsor workshops to provide guidance on completing rental subsidy program applications.

NJCDC Founder and CEO Bob Guarasci said, "We are enormously grateful to the TD Charitable Foundation for this award, which will help more Paterson residents find much-needed affordable housing.

Andy Bregenzer, Regional President of Metro PA/NJ at TD Bank, acknowledged the invaluable contributions of NJCDC, saying, "The work the NJCDC does to support the Paterson community and its residents is invaluable." He continued, "Organizations like NJCDC play a critical role in providing access to safe, affordable housing, and the TD Charitable Foundation is excited to support their launch of the Paterson Affordable Housing Resource Center as part of this year's Housing for Everyone grant competition."

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