The WSFS CARES Foundation, the charitable giving arm of WSFS Financial, will contribute a $150,000 grant to the Todmorden Foundation to expand affordable housing opportunities in Wilmington, Delaware.
The WSFS CARES Foundation grant, distributed over three years, will directly support the construction of 30 units expected to open in summer 2027.
“The WSFS CARES Foundation is dedicated to fostering affordable, healthy communities for families to live in,” Patrick J. Ward, executive vice president, senior advisor at WSFS Bank and chairman of the WSFS CARES Foundation, said. “We have supported this critically important project since the beginning and take pride in staying true to our commitment to the city of Wilmington.”
Richard Przywara, president and CEO of the Todmorden Foundation, said, “We are grateful for supporters like the WSFS CARES Foundation who have backed our efforts since we began in 2015. Not only will this project help low- and moderate-income individuals and families, but it will also create jobs in construction, maintenance, and property management.”
This is the sixth phase of the project, offering 180 new residences serving approximately 300 individuals.
