More than $10
million granted to nonprofit partners to provide new and
enhanced housing units, pilot housing programs and wraparound
services for veterans exiting homelessness
ATLANTA, April 25,
2023 /PRNewswire/ -- The Home Depot Foundation will
add more than 750 units of supportive housing for veterans facing
homelessness through $10.4 million in
grants to its nonprofit partners. This funding will support the
construction and renovation of supportive housing facilities,
critical home repairs to keep at-risk veterans in their homes, and
innovative housing solutions that will help more veterans exit or
avoid homelessness and access affordable housing.
While veteran homelessness has declined 55% since 2010, more
than 33,000 U.S. military veterans still lack access to stable,
secure housing across the nation, according to the latest data
released by the Department of Housing and Urban Development. The
Home Depot Foundation has invested more than $100 million to help end veteran homelessness
since 2011, part of its larger commitment to invest half of a
billion dollars in veteran causes by 2025.
"The number of veterans facing homelessness was more than 65,000
when we established our first formal financial commitment to
veterans in 2011, and we're proud to see progress today through
significant declines in that figure," said Shannon Gerber, executive director of The Home
Depot Foundation. "However, there is much more work to be done, and
we remain dedicated to working with our nonprofit partners to
ensure the heroes who served our nation have a place to lay their
heads."
Through these grants, The Home Depot Foundation and its
nonprofit partners will work to end veteran homelessness through
several key strategies, including:
- Funding programs to help more veterans access housing:
U.S.VETS will launch a pilot program in Los Angeles and Hawaii aimed at expanding housing
opportunities for at-risk and formerly homeless veterans, with a
goal of housing 100 veterans over the next two years. Volunteers of
America will provide flexible funding to support veterans facing
financial barriers that might be a hurdle keeping them from
accessing adequate housing, such as paying a security deposit or
providing first and last month's rent upfront. Community Solutions
is expected to help communities house 1,000 veterans across cities
including Washington, D.C.,
Detroit, Jacksonville, Charlotte and Minneapolis through its Built for Zero
initiative, a movement to measurably and equitably end
homelessness.
- Preventing homelessness by keeping more veterans in their
homes: A grant to the Housing Assistance Council will help
low-income, at-risk veterans living in rural communities nationwide
stay in their homes through home repairs and modifications.
- Increasing the number of affordable, supportive housing
units available to veterans: Through the Foundation's Veteran
Housing Grant program, nonprofit organizations working at the local
level can apply for funding to construct or renovate supportive
housing units in their communities. More than $5 million in funding will go to multiple cities
across the nation, including Greater Los
Angeles, Cincinnati and
Charlotte.
"Each case of a veteran at-risk of or experiencing homelessness
is unique, with circumstances frequently beyond the veteran's
control," said Tanisha Smith, vice
president of corporate partnerships for Volunteers of America.
"Through the latest grant from The Home Depot Foundation, we can
address their individual needs on multiple levels, ensuring more
veterans find, secure and stay in a place they can call home."
Since 2011, The Home Depot Foundation has invested more than
$475 million in veteran causes and
improved more than 55,000 veteran housing facilities.
About The Home Depot Foundation
The Home Depot Foundation, the nonprofit arm of The Home
Depot (NYSE: HD), works to improve the homes and lives of U.S.
veterans, support communities impacted by natural disasters and
train skilled tradespeople to fill the labor gap. Since 2011, the
Foundation has invested more than $475
million in veteran causes and improved more than 55,000
veteran homes and facilities. The Foundation has pledged to invest
half of a billion dollars in veteran causes by 2025 and
$50 million in training the next
generation of skilled tradespeople through the Path to Pro
program. To learn more about The Home Depot Foundation
visit HomeDepotFoundation.org and follow us
on Twitter @HomeDepotFound and
on Facebook and Instagram @HomeDepotFoundation.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/the-home-depot-foundation-to-fund-more-than-750-new-housing-units-for-veterans-facing-homelessness-301806764.html
SOURCE The Home Depot Foundation