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

PRESS RELEASE

Fitchburg, MA, May 30, 2023 – NewVue Communities, the leading community development corporation in North Central Massachusetts was recently awarded a $150,000 Housing for Everyone grant from the TD Charitable Foundation, the charitable giving arm of TD Bank, America’s Most Convenient Bank®. NewVue Communities 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 an exponential rise in rental costs and inflation, affordable housing providers face increased hardship given the growing demand for affordable rental units and emergency rental assistance.

The grant will help preserve affordable housing in Fitchburg’s North of Main Neighborhood. This neighborhood is the focus of a comprehensive community development plan and was the focus of the Federal Reserve Bank of Boston’s Working Cities Challenge. NewVue Communities will focus on 52 apartments in three NewVue-owned buildings with renovations and system upgrades.

“We are very grateful to the TD Charitable Foundation for supporting this work. This funding will strengthen our capital and operating budgets and will accelerate NewVue’s comprehensive community development work throughout North of Main,” said Marc Dohan, Executive Director at NewVue Communities.

“The work NewVue Communities does to support the Fitchburg community and its residents is invaluable,” said Sheryl McQuade, Regional President of Metro New England, TD Bank. “NewVue Communities plays a critical role in providing access to safe, affordable housing, and the TD Charitable Foundation is excited to support their work preserving affordable housing in Fitchburg’s North of Man Neighborhood as part of this year’s Housing for Everyone grant competition.”

Through the 17^th 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 that focus on preserving affordable rental housing in their work to deliver rental assistance, rehabilitating 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 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 NewVue Communities

NewVue is the leading community development corporation (CDC) in North Central Massachusetts. As a community-based non-profit organization, NewVue’s mission is to improve the quality of life for low and moderate residents in North Central Massachusetts through community development. NewVue works to: improve and stabilize neighborhoods; promote small business development; and build the economic, physical and personal assets of local communities and their residents. To learn more about NewVue Communities, visit newvuecommunities.org or contact Kerry Flathers, Director of Development and Communications at kflathers@nvcomm.org.

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/.