Deadline: 13-Sep-23
The 2023 TD Ready Challenge is seeking innovative solutions to help address systemic barriers to affordable housing across the continuum from transitional to permanent homes, and to help increase access to affordable and stable housing for those that need it most.
The TD Ready Challenge is the annual North American initiative, which has ten (10) $1 million grants available to organizations developing innovative, impactful and measurable solutions for a changing world. This signature program created by TD is a key component to delivering on the bank’s corporate citizenship platform, the TD Ready Commitment.
They will have a clear preference for Programs:
- That have wide demographic or geographical reach in areas where TD operates. This includes all of Canada, US states within TD’s Retail footprint footprint (map and listing found here), and the Metro Detroit area (Lapeer, Livingston, Macomb, Oakland, St. Clair, and Wayne Counties).
- Which will use the grant to scale and / or replicate solutions to additional communities or populations (or pilot projects with material evidence of viable success and scalability).
- That have a clear evaluation and measurement process to track impact.
- Where the organization has not received any funds or Grants from TD of CDN $250,000 or more or USD $250,000 or more during the period starting on August 31, 2022 through to and including August 31, 2023.
Funding Information
- For 2023, there are a maximum of ten (10) grants available under the TD Ready Challenge for Canada and the US together. Eligible Canadian-based organizations are able to apply for CDN$1 million and eligible US-based organizations are able to apply for USD$1 million.
How can organizations address the Problem Statement?
- The 2023 TD Ready Challenge seeks to provide financial support to organizations that have designed innovative, scalable and/or replicable solutions focused on addressing the 2023 Problem Statement.
- Such solutions could be focused on, but are not limited to, one or more of the following:
- Housing supply challenges
- Addressing construction and development costs
- Homeownership
- Financial education programs
- Innovative loans and financing
- Other
Eligibility Criteria
- The following are eligible to apply:
- Canadian registered charities and not-for-profit organizations; or
- U.S. charitable and not-for profit organizations which meet the following criteria and can provide written confirmation of same:
- Have received Section 501(c)(3) determination from the Internal Revenue Service (the “IRS”); or
- Are treated by the IRS as an organization that is not a private foundation as described in Sections 509(a)(1),(2) or (3) of the Internal Revenue Code (the “IRS Code”); or
- Are a local/state government organization.
- Note: 2018, 2019 & 2020 TD Ready Challenge Grant recipients are eligible to apply.
Ineligibility Criteria
- They will not fund Grant applications that focus on:
- Marketing and/or awareness programs/campaigns
- Construction of new housing units unless project demonstrates ability to address systemic barriers
- Rehabilitation and/or refurbishment of existing housing units unless project demonstrates ability to address systemic barriers
- Purchase of land for new housing units unless project demonstrates ability to address systemic barriers
- As part of the application process, TD requires an understanding of the financial status of your organization. If your organization’s audited statement(s) reflect(s) a recent deficit, please explain the reason for this deficit in your application. Please note that a deficit will not impact your eligibility for a TD Ready Challenge Grant.
For more information, visit TD.
