NEWPORT — RuralEdge has been awarded a $150,000 Housing for Everyone grant from the TD Charitable Foundation, the charitable giving arm of TD Bank.
The grant will support the redevelopment of Lakeview Housing, a 16-unit development across three historic buildings in Newport.
RuralEdge is one of 37 non-profit organizations selected from more than 450 applicants to receive a Housing for Everyone grant as part of the TD Charitable Foundation’s signature grant initiative.
The Newport development has been in the RuralEdge portfolio since 1998.
With this grant, RuralEdge secured the last of its funding to preserve and sustain these buildings to continue in service to the Newport community.
“Access to safe, affordable housing is a critical first step to creating a more sustainable and inclusive future for everyone,” said Sheryl McQuade, Regional President of Metro New England, TD Bank. “RuralEdge has done incredible work to develop affordable housing out of existing properties, and we are excited to support their Lakeview Housing redevelopment efforts here in Newport.”