Lamoille Housing Partnership wins $100,000 TD Charitable Foundation housing grant

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Lamoille Housing Partnership wins $100,000 TD Charitable Foundation housing grant

Fri, 12/09/2016 - 3:06am -- tim

Vermont Business Magazine Lamoille Housing Partnership 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 assist in the funding of Evergreen Mobile Home Park in Hardwick. The Lamoille Housing Partnership (LHP) was created in 1991 to provide and maintain safe, decent, and affordable housing without discrimination or prejudice. Through rentals, home ownership, or other means, LHP serves a variety of people, including low income individuals and families, veterans, individuals with disabilities, and seniors living on social security that seek to live independently as they age.

The Evergreen Mobile Home Park Project in Hardwick is an upgrade to an older mobile home park. The project consists of 13 new energy efficient solar powered Vermod Homes that are affordable for the long term through energy efficiency. This project is also being funded by USDA Rural Development, Vermont Housing and Conservation Board, Vermont Community Development Program through the Town of Hardwick, Northern Borders Regional Commission, Vermont Energy Investment Corporation, and others. A construction loan has been provided by the Vermont Community Loan Fund.

Pictured from left to right:  Philip Daniels, TD Bank President, VT/Upstate NY; Jim Lovinsky, Executive Director, Lamoille Housing Partnership; Ester Nkuli, Public Relations & Fundraising, Lamoille Housing Partnership.  Photo courtesy of Ted Wimpey

The Vermod Homes are manufactured in White River Junction,Vermont and were developed through a partnership of the Vermont Housing and Conservation Board and the Vermont Energy Investment Corporation to provide cost effective and affordable replacement homes specifically as an option for mobile home parks. These homes are the latest in green building and energy efficiency as well as healthy living technologies. They are heated and cooled using air to air heat pumps, coupled with state of the art ventilation to provide heating, cooling, and air exchanges. Solar panels with net-metering provide the occupants with healthy, comfortable living at exceptionally low costs. The operation will be monitored by VEIC to maintain top efficiency over time.

This is a mixed-income project and the target population is a range of renters including low-income small-size families, seniors, persons with disabilities, and market-rate renters above median income. The market pool for both affordable and market-rate apartments is deep and growing in two primary segments: the age 24-34 and age 55+ groups. This demographic trend, combined with the actual sizes of the market pools, is driving our decision to maintain flexibility and not restrict the homes to very low income or senior-only. Local businesses have described a need to make more housing available for their workforce.  Local service providers have also indicated the need to include single parent households and homeless families.

Jim Lovinsky, Executive Director for Lamoille Housing Partnership had this to say, “It was an incredible surprise and honor to receive this recognition and financial support for our project at the Statewide Housing Conference. They did a great job of keeping it secret! It is so important that businesses like TD Bank recognize the continued need for affordable housing that helps people who otherwise might not succeed. The TD Charitable Foundation's participation in this project will result in making much needed new homes available in our community. These projects make a difference in people’s lives every day and we are fortunate to have such generous business partners.”

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.

To learn more about The Lamoille Housing Partnership, visit http://www.lamoillehousing.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 $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 nearly 8 million customers with a full range of retail, small business and commercial banking products and services at nearly 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., and Portland, Maine. To learn more, visit www.tdbank.com. Find TD Bank on Facebook at www.facebook.com/TDMoneyLoungeUS 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 is one of the few banks in the world rated Aaa by Moody's and trades on the New York and Toronto stock exchanges under the ticker symbol "TD." To learn more, visit www.td.com.

Source: November 15, 2016 – Burlington, VT – Lamoille Housing Partnership