Cathedral Square Wins Annual TD Charitable Foundation Housing for Everyone Affordable Housing Grant
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. For the full press release and to read more about Cathedral Square and the TD Charitable Foundation, click here.