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Union Bank of California Gives $60,000 Grant to
Tenderloin Neighborhood Development Corporation
Foundation Grant Will Help TNDC House 600+ Tenderloin Residents
SAN FRANCISCO — The Tenderloin Neighborhood Development Corporation (TNDC) today announced a $60,000 grant from Union Bank of California that will support its after-school programs, low income housing development, and community economic development activities.
“We are thrilled that Union Bank of California continues to support our organization and the San Francisco neighborhoods we serve,” said TNDC Executive Director Don Falk. “This grant will go a long way towards helping us provide some of our key services that make it possible for our residents and neighbors to lift themselves out of the cycle of homelessness.”
The grant will be used to support three of TNDC’s key initiatives:
- TNDC’s After-School Program, which provides more than 200 Tenderloin children, ages 5 – 17, with a safe, free, and academically enriching environment;
- The acquisition and preservation of low income housing for individuals and families; and
- Stimulate economic development by providing jobs, training and activities that revitalize or stabilize the Tenderloin neighborhood
“Union Bank of California is fulfilling its mission to help create and sustain healthy communities through partnerships like the one we are making today with TNDC,´ said Union Bank Senior Vice President John “Jack” Knight. “This is an investment in our neighbors and neighborhoods and the return is phenomenal.”
Founded in 1981, TNDC’s mission is to provide safe, affordable housing with support services for low-income people in the Tenderloin community and be a leader in making the neighborhood a better place to live. TNDC now owns and manages 23 buildings that provide homes for 2,400 extremely low-income seniors, families, people with disabilities, low-income wage earners, immigrants and others in the Tenderloin and nearby neighborhoods. In addition, TNDC provides on-site supportive services and resources such as social workers and after-school programs to help residents stabilize their lives and develop a sense of community.