The Home Depot Foundation Invests $10 Million To Help Veterans Age in Place, Avoid Homelessness
Rhea-AI Summary
The Home Depot Foundation has announced a $10 million investment to help veterans age in place and prevent homelessness. This funding comes as the VA projects a 535% increase in veterans over 85 needing care in the next 20 years. The investment will support: 230 new or refurbished rental units, over 125 urgent home repairs, rental/mortgage assistance for 270 veterans, and 400 home adaptations plus seven custom smart homes for disabled veterans. This initiative is part of the Foundation's updated commitment of $750 million to veteran causes by 2030, following their achievement of surpassing $500 million invested since 2011.
Positive
- Surpassed $500 million investment goal in veteran causes two years ahead of schedule
- Expanded commitment to $750 million for veteran causes by 2030
- Strategic investment addressing growing veteran housing needs
Negative
- None.
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NORTHAMPTON, MA / ACCESSWIRE / November 12, 2024 / The Home Depot:
Originally published on Built From Scratch
In honor of Veterans Day and the annual Operation Surprise initiative, The Home Depot Foundation is investing
According to recent projections from the Department of Veterans Affairs (VA), the number of veterans over the age of 85 who require care will increase by a staggering
"As veterans age, small accessibility modifications can mean the difference between remaining in their own homes versus being displaced," said Erin Izen, executive director of The Home Depot Foundation. "With this new
The funding announced today will facilitate:
Creation of affordable housing: Over 230 new or refurbished rental units constructed by organizations including U.S.VETS and Coalition for Responsible Community Development will be made available for veterans.
Critical home repairs: More than 125 urgent home repairs for low-income veteran families will be conducted by organizations such as Operation Homefront.
Financial relief: Rental and/or mortgage assistance provided by Housing Assistance Council and similar organizations will be provided to over 270 veterans.
Home adaptations and smart homes: 400 home adaptations and critical home repairs will be completed by Semper Fi & America's Fund, and seven new fully custom smart homes will be built by Gary Sinise Foundation for veterans with significant service-related disabilities.
"The generous investment from The Home Depot Foundation is an important step forward in our shared mission to support and uplift our veterans through housing," said Stephen Peck, CEO of U.S.VETS. "We are honored to be a partner in this initiative to expand affordable, accessible supportive housing that meets the needs of those who have bravely served our nation."
In celebration of its annual Operation Surprise initiative, The Home Depot Foundation and Team Depot, The Home Depot's associate volunteer force, will undertake hundreds of service projects nationwide to enhance the safety and accessibility of veterans' homes. Throughout the month of November, Team Depot will focus on making veteran housing safer, more accessible and livable for the long run. Beyond physical improvements, Team Depot will also deliver special moments of appreciation to honor those who have served.
On Veterans Day last year, The Home Depot Foundation announced it had surpassed
The Home Depot is proud to have tens of thousands of veterans, service members and military spouses in orange aprons. To learn more about The Home Depot's commitment to the veteran and military communities, visit homedepot.com/military. Follow #OperationSurprise to see how the Foundation and Team Depot are making homes more welcoming for veterans across the country.
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Contact Info:
Spokesperson: The Home Depot
Website: https://www.3blmedia.com/profiles/home-depot
Email: info@3blmedia.com
SOURCE: The Home Depot
View the original press release on accesswire.com