For Immediate Release
Cathedral Square Wins Annual TD Charitable Foundation Housing for Everyone Affordable Housing Grant Competition, Awarded $100,000 for Elm Place
December 1, 2015 – South Burlington, VT – Cathedral Square was recently awarded a $100,000 affordable housing grant through the TD Charitable Foundation’s Housing for Everyone grant competition. The grant will be used to help fund the construction of Elm Place, a new affordable housing community in Milton, Vermont.
Cathedral Square’s Elm Place will be a service-enriched senior housing community located on a smart growth site in the heart of Milton’s downtown. This thoughtfully positioned property will sit adjacent to UVM Medical Center’s Milton Family Practice and near the senior center, pharmacy, grocery store, churches, and library, with sidewalks providing walking access to all of these services. Features will include a community room with kitchen, lounge, elevators, laundry facilities, storage, underbuilding parking, and an outdoor courtyard for social gatherings. The building will be energy efficient and the first certified Passive House multifamily building in Vermont. Of the 30-units in this property, 28 will be tax credit units for seniors earning less than 60% of area median income (AMI) and two will be market rate. Elm Place will offer SASHSM (Support And Services at Home) at no cost for residents.
“There is a significant need for service- enriched, safe, affordable senior housing in Milton,” states Kim Fitzgerald, CEO, Cathedral Square. “TD Charitable Foundation’s generous grant will help to ensure Elm Place is completed in early 2017 to provide comfortable, secure homes to many of Milton’s deserving elderly residents.”
This year’s “Housing for Everyone” theme was Affordable Housing for Seniors, focusing on initiatives that support the development of safe, affordable, accessible housing for older adults, aged 55 and over.
The Housing for Everyone grant competition is one of the TD Charitable Foundation’s most widely known signature programs. The competition invites local non-profit organizations from Maine to Florida to submit proposals outlining their plans and initiatives to support and provide affordable housing initiatives in their communities. Twenty-five organizations throughout TD Bank’s footprint from Maine to Florida were awarded a $100,000 grant for a total grant donation of $2.5 million in 2015.
About Cathedral Square
Cathedral Square (CS) is a non-profit organization created in 1977. CS develops and operates communities for seniors and individuals with special needs. For over 38 years, Cathedral Square has fulfilled its mission of “healthy homes, caring communities and positive aging”, providing housing with supportive services to over 1,127 residents. Today, CS owns and/or manages 29 housing communities, each uniquely designed to provide safe and secure apartments at an affordable price, to learn more visit www.cathedralsquare.org. As an advocate for a system that better serves the long term care needs of Vermonters, Cathedral Square administers the SASH model statewide as part of Vermont’s Blueprint for Health. SASH provides an on-site Coordinator and a part-time Wellness Nurse who work as part of the SASH Team made up of staff from the Visiting Nurse Association of Chittenden and Grand Isle Counties, CVAA, Howard Center and the participating resident or community member. SASH currently serves over 4,800 Vermonters. To learn more about SASH visit www.sashvt.org
About the TD Charitable Foundation
The TD Charitable Foundation is the charitable giving arm of TD Bank N.A., which operates as TD Bank, America’s Most Convenient Bank®, and is one of the 10 largest commercial banking organizations in the United States. The Foundation’s mission is to serve the individuals, families and businesses in all the communities where TD Bank operates, having made more than $148.1 million in charitable donations since its inception in 2002. The Foundation’s areas of focus are affordable housing, financial literacy and education, and the environment. More information on the TD Charitable Foundation, including an online grant application, is available at www.TDBank.com.
About TD Bank, America’s Most Convenient Bank®
TD Bank, America’s Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 8 million customers with a full range of retail, small business and commercial banking products and services at approximately 1,300 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth®, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.tdbank.com. Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBank_US.
TD Bank, America’s Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol “TD”. To learn more, visit www.td.com.
Miranda Lescaze, Developer