TD Bank Invests in South Bronx Transitional Housing Community
New facility will provide support services for people living with HIV/AIDS
BRONX, New York, May 8, 2018 /PRNewswire/ -- TD Bank, America's Most Convenient Bank®, announced it closed on the financing of the redevelopment of a warehouse in the South Bronx to become a transitional housing facility for homeless individuals living with HIV/AIDS, which will be operated by Unique People Services, Inc. (UPS). The bank provided a $9.7 million loan and invested in approximately $4 million in Historic Tax Credits, which are being used to fund a portion of the project. The renovation is being executed by MBX Development.
Unique People Services, Inc. (UPS) is a New York-based nonprofit 501(c) 3 that provides supportive housing and medical case management services to individuals and families living with mental health challenges, intellectual/developmental disabilities (I/DD) and HIV/AIDS. The agency operates almost 30 supportive housing programs in the Bronx, Manhattan, Brooklyn, Queens and Westchester County with more than 800 people living in their residences.
"For nearly three decades, we have helped those with disabilities who have been denied compassionate care elsewhere, to become successful members of society thanks to the dedicated work of our staff, board and community partners. This facility will mark the 28th supportive housing program we've opened, and we look forward to continuing to provide holistic, judgement-free and compassionate programming to those who need it most," said Yvette Brissett-Andre, Executive Director of Unique People Services.
This latest project will convert four continuous properties in the Morissania section of the Bronx into an 87-bed facility that will provide clinical and mental health services in addition to providing residents with the social and physical tools necessary to one day successfully live on their own. These tools include financial budgeting, cleaning, shopping, social interaction, hygiene and how to access additional support from outside agencies.
"TD Bank recognizes the importance of providing funding for projects like this and we're proud to demonstrate our commitment to our community through financing packages like the one developed for Unique People Services. Not only will this project revitalize a building that was otherwise unused, but it provides invaluable supportive services to people that will benefit for years to come," said Phyllis Reich, Vice President at TD Bank.
Renovations began in 2017 and are expected to be completed by summer of 2019.
About Unique People Services, LLC:
Founded in 1991, Unique People Services, Inc. (UPS) is a New York-based nonprofit 501(c) 3 that provides supportive housing and medical case management services to HIV/AIDS individuals, families living with mental health challenges, and developmental disabilities. Now celebrating its 26th Anniversary, Unique People Services, a BBB Accredited Charity Seal Holder, operates twenty-seven (27) supportive housing programs in the Bronx, Manhattan, Brooklyn, Queens and Westchester County.
More than 800 New Yorkers call UPS' home, living in well-furnished residences where they receive meals and support services to help them achieve the highest possible levels of independent living and community inclusion. The transitional, long-term and permanent housing UPS provides has also become a safe haven for many formerly homeless individuals. For more information about UPS programs and services, visit us at: www.UniquePeopleServices.org
About TD Bank:
TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 9 million customers with a full range of retail, small business and commercial banking products and services at more than 1,200 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.
View original content with multimedia:http://www.prnewswire.com/news-releases/td-bank-invests-in-south-bronx-transitional-housing-community-300644519.html
SOURCE TD Bank
