Recent New York City-based research demonstrates residents of tax credit-financed apartments pay $500 less than monthly market rents, more than doubling the discretionary income available to each household for other necessities. The June 2010 report shows these income savings boost local purchasing power, "contributing to retail vitality of the neighborhood."
The TD Charitable Foundation is accepting applications for its 2010 Housing for Everyone grant competition.
The foundation, the charitable arm of TD Bank, will give $1.7 million to 34 local non-profit organizations that make a meaningful difference in meeting the affordable housing needs of their communities.
The theme of this year’s competition is Capital Improvements for Affordable Housing.