Community reinvestment Solutions through partnership

a well matched partnership: IFCA, TD BANK and community RE-investment Commitment to: Affordable housing Financial empowerment Community engagement Diversity Economic development TD Bank

PARTNERSHIP IN ACTION Leveraging existing assets Property acquisition Program incentives Attracting public and private grant funders Foundation support of programs Event sponsorship Employee engagement

Leveraging Existing assets Hunter and James - Before Hunter and James - after

Property acquisition Case history - 26 Ann Street, Ossining, Westchester County Solving a pressing problem identified by the Village of Ossining Increasing quality, affordable housing Improving the community

Problem: Overcrowded, Sub-Standard Housing Neglected yet expensive properties Rehabilitation is cost prohibitive Zoning restrictions deter teardowns Property is only viable for slumlords

Solution: Community Reinvestment Partnership CRA financing leverages public/private grants Rehabilitation becomes viable Community history is preserved Affordable rents for quality housing Everyone wins

Strategically Aligned program Support TD Charitable Foundation – MBIA Foundation – WELLS FARGO Foundation $75,000 in funding for 2017

Community Engagement and Events Volunteers Board members Financial workshops Event sponsors

Results are measureable and sustainable $2 million financed through TD Bank Existing housing stock renovated/improved (10 buildings/60 units impacted) New building purchased - eight additional units to come on-line by 1/2018 Additional funds leveraged: $295,000 CDBG $250,000 Legislative Initiative Grant $450,000 in corporate and family foundation grants Lower operating costs Improved housing quality – tenant satisfaction Higher visibility amongst private/individual donors Attracting additional volunteers and supporters Integral partner with Village in community planning and development Model is replicable for other NPCs and RPCs