The Home Depot Foundation invests an additional $30 million to help thousands of veterans access, stay in homes
Rhea-AI Summary
The Home Depot Foundation (NYSE:HD) announced on November 6, 2025 an additional investment of $30 million in 44 grants to veterans service organizations to expand critical home repairs, smart home modifications and housing programs for veterans exiting homelessness.
The funding advances the Foundation toward its $750 million by 2030 pledge and follows prior investments exceeding $600 million and improvements to more than 65,000 veteran homes and facilities. Grants target new mortgage-free smart homes for catastrophically wounded veterans, >1,000 critical repairs for senior/disabled veterans, and expansion of a master-lease housing pilot to Washington, D.C. and Prescott, AZ.
Positive
- $30 million in new grants across 44 veteran service organizations
- Progress toward $750 million by 2030 pledge; >$600 million invested to date
- Support for >1,000 critical home repairs and nearly 5,000 veterans gaining housing access
Negative
- Nearly 33,000 veterans remain homeless on any given night
- More than 2.75 million veterans live in inadequate housing
- Housing availability and rising rents continue to constrain solutions
News Market Reaction
On the day this news was published, HD declined 1.28%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
While the country has made significant progress toward ensuring our nation's heroes have access to housing – reducing the number of veterans experiencing homelessness by more than 55 percent since 2010 – there's still work to do. On any given night, nearly 33,000 veterans don't have a safe place to sleep or call home. Of those who do, more than 2.75 million live in inadequate housing. At a time when home inventory continues to lag behind demand and the cost of rent climbs, it takes innovative solutions and partnerships to ensure our nation's veterans have housing that fits their needs.
"Veterans are some of the last people to ask for help, and often the first to lend a hand to others in need. That's why it's so unfortunate that many continue to experience homelessness or live in homes in need of critical repairs," said Erin Izen, executive director of The Home Depot Foundation. "Veteran housing has been a key priority for the Foundation since 2011, and this newest investment of
The new grants will support the Foundation's nationwide network of nonprofit partners in their efforts to address both immediate veteran housing needs and more complex, long-term solutions, including:
New smart homes for catastrophically wounded veterans
The Foundation works with several nonprofit partners to build specially adapted, mortgage-free smart homes for veterans who have been catastrophically wounded in combat. These houses are custom-built to meet their individual needs, whether they have experienced a traumatic brain injury or one or multiple amputations.
Today's funding announcement includes grants to Gary Sinise Foundation, Tunnel to Towers Foundation and Jared Allen's Homes for Wounded Warriors to support the construction of new accessible, personalized homes. The grants also will help provide full-home ADA-compliant modifications for veterans who have experienced combat-related injuries.
Critical home repairs for more than 1,000 senior, disabled and low-income veterans
Approximately half of all veterans are 65 and older, with many experiencing disabilities or living on a fixed income. Nonprofit partners like Meals on Wheels America, Habitat for Humanity International, Purple Heart Homes and more provide critical home repairs for senior, disabled and low-income veterans, ensuring their homes are comfortable and accessible for years to come.
"We're so grateful for The Home Depot Foundation's support and the impact we've made together over the past 10 years – helping 4,000 aging veterans live more safely in their homes through our Helping Homebound Heroes program," said Ellie Hollander, President and CEO of Meals on Wheels America. "What may seem like small modifications – installing grab bars, fixing wobbly railings or damaged doors – can make an enormous difference for a homebound senior veteran. We're proud to continue honoring these heroes by helping them age with comfort, safety, and dignity in their own homes."
Helping nearly 5,000 veterans from
The Foundation partners with nonprofit organizations to provide housing solutions for veterans who are unhoused or at risk of homelessness. Combined with access to essential wraparound services – such as counseling, job training, financial literacy programs and healthcare – these programs help address both immediate and long-term needs for veterans seeking shelter.
An example of this is a "master lease" pilot program, launched by the Foundation's partner U.S.VETS two years ago in
Grants announced today include funding for Volunteers of America to construct or rehabilitate housing units as well as support for Operation Homefront's transitional housing villages, permanent supportive housing and critical home repairs, directly impacting hundreds of veterans and their families.
"At Operation Homefront, our mission is to ensure military families are strong, stable, and secure. Our Transitional Housing (Villages) program provides critical support during a particularly vulnerable and stressful time, as veterans and their families navigate medical care, separation from military service, and the transition to civilian life," said Regan Huneycutt, Operation Homefront Chief Revenue Officer. "Thanks to the generous support of partners like The Home Depot Foundation, we're able to offer these life-changing programs at no cost to the families who have given so much to our nation and now need a helping hand in return."
Honor in Action: Celebrating veterans with community projects nationwide
This landmark investment comes during The Home Depot Foundation's annual Celebration of Service campaign, which honors veterans with hundreds of service projects nationwide. From Patriot Day to Veterans Day, Team Depot will be in communities around the country to renovate, repair and refresh veteran homes and facilities. To date, The Home Depot Foundation has invested more than
As tens of thousands of Home Depot associates are veterans, military spouses or active-duty service members, giving back to veterans is deeply personal to and a key component of The Home Depot's culture. Learn more about The Home Depot's investments in military families at www.homedepot.com/military.
About The Home Depot Foundation
The Home Depot Foundation
, a nonprofit supported by The Home Depot, works to improve the homes and lives of
FAQ
What did The Home Depot Foundation announce on November 6, 2025 regarding veteran housing (HD)?
How does the $30 million HD investment affect the Foundation's pledge and prior spending?
Which veteran groups and programs will receive HD grant support in this announcement?
What specific housing outcomes does the November 6, 2025 HD funding aim to achieve?
Will the HD grants expand programs for veterans exiting homelessness in 2025–2026?
