Home Depot (NYSE:HD) announced that its philanthropic Home Depot Foundation has granted $9 million to provide housing for over 3,400 veterans dealing with homelessness.
According to the U.S. Department of Housing and Urban Development, an average of 35,000 veterans experiencing homelessness on any given night. The Home Depot Foundation’s grants will be allocated to national nonprofit partners including Volunteers of America, Housing Assistance Council and Tunnel to Towers, as well as local nonprofits in Georgia, Massachusetts and Ohio.
The funds will support the construction of more than 300 new housing units and the repair of nearly 200 additional units; the grants will also be used by nonprofits focused on securing existing housing for homeless veterans. Beyond immediate housing solutions, the Foundation’s funding will also support research, studies and training on aging, rural, low-income and disabled veterans, as well as housing trends and specific housing needs through the Housing Assistance Council.
“We are deeply committed to ensuring that our nation’s heroes have a safe and comfortable place to call home,” said Erin Izen, executive director of The Home Depot Foundation. “Our investment is not just about building structures; it’s about building hope and providing the security that every veteran deserves.”
Photo: Mike Mozart / Flickr Creative Commons
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