Home Depot Foundation Invests $9M to Support Veteran Housing

Author

Slice of Real Estate Team
June 27, 2024

Key Highlights:

  • $9 million investment for housing solutions for over 3,400 homeless veterans.

  • Construction of 300+ new housing units and repair of nearly 200 existing units.

  • Collaborations with national nonprofits like Volunteers of America, Housing Assistance Council, and Tunnel to Towers.

  • Support for landlord incentive programs to help veterans secure housing.

  • Research and training funding focused on aging, rural, low-income, and disabled veterans.

Source (PR Newswire)

Notable Quotes

❝

"We are deeply committed to ensuring that our nation's heroes have a safe and comfortable place to call home."

Erin Izen, Executive Director at The Home Depot Foundation
❝

"Their unwavering support and generous funding are instrumental in our mission to ensure every veteran and individual in the city of Atlanta has a place to call home."

Matt Hurd, Executive Director at Open Doors Atlanta

Our Take:

The Home Depot Foundation's recent $9 million investment highlights the ongoing commitment to addressing veteran homelessness—a pressing issue that saw a disturbing rise last year. By funding the construction and repair of over 500 housing units and collaborating with both national and local nonprofits, the Foundation is taking a multifaceted approach to providing stable housing for veterans. Moreover, their innovative landlord incentive programs are crucial in overcoming barriers such as poor credit history and past evictions, which often prevent veterans from securing housing.

This initiative not only provides immediate shelter but also aims to instill hope and stability among veterans. With a pledge of $750 million by 2030 towards veteran causes, The Home Depot Foundation is setting a benchmark for corporate social responsibility in addressing homelessness and supporting our nation’s heroes.