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…
Read the full article here