The Home Depot Foundation Pledges $1 Billion to Veteran Causes by 2032
Since 2011, the Foundation has invested more than $650 million in veteran causes and improved more than 70,000 homes and facilities.
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Rhea-AI Summary
The Home Depot (HD)-supported Home Depot Foundation is increasing its total commitment to veteran causes to $1 billion by 2032.
The expanded commitment targets immediate and long-term veteran housing challenges. The Foundation plans to test and scale housing approaches through partner grants, including programs addressing rental deposits and application fees, direct leasing from property owners, repairs and permanent supportive housing renovations. Funding will also support modular homes for senior and housing-insecure veterans. The commitment accompanies the Foundation's annual Celebration of Service, during which employee volunteers plan hundreds of veteran-support projects across all 50 states and three U.S. territories this fall.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Expanded commitment will develop and grow innovative housing solutions
to help end veteran homelessness
Key Facts:
$1 $650 + Million: Invested since 2011, building and improving more than 70,000 veteran homes and facilities.- Innovative Solutions: Testing and scaling new housing models to address homelessness and housing insecurity among veterans.
- Hands-On Support: Completing hundreds of veteran service projects across all 50 states and three
U.S . territories during Team Depot's annual Celebration of Service.
"We believe every veteran deserves a safe place to call home," said Erin Izen, executive director of The Home Depot Foundation. "Our
15 Years of Impact
Since 2011, The Home Depot Foundation has invested more than
During this time, the Foundation has expanded access to transitional and permanent supportive housing facilities with partners like VOA, completed critical home repairs and accessibility modifications alongside organizations like Habitat for Humanity and Semper Fi & America's Fund, and partnered with Gary Sinise Foundation, Tunnel to Towers and Jared Allen Homes for Wounded Warriors to build and modify smart homes for catastrophically wounded veterans.
Strategic Grants to Tackle Veteran Housing Challenges
Through its latest round of partner investments, the Foundation will also test and scale new approaches for long-term impact, such as:
- Collaborating Across Partners: With the National Housing Conference, the Foundation today convened a national summit of nonprofit partners and industry leaders to discuss the systemic causes of veteran housing insecurity and identify solutions.
- Removing Barriers to Housing Access: The Landlords, Organizations, and Veterans Engagement (LOVE) Fund with Open Doors Atlanta and the U.S.VETS Master Lease Program will accelerate veteran housing placements by removing rental barriers, such as security deposits and application fees, or by leasing units directly from property owners.
- Homelessness Prevention and Permanent Housing: The latest grants help provide housing stabilization resources, including repairs to transitional housing facilities, and renovations for permanent supportive housing for formerly homeless veterans, through partners like Operation Homefront and Community Solutions.
- Alternative Housing Models: Additional funding will support alternative solutions, such as Purple Heart Homes' modular home builds for senior and housing insecure veterans.
"Master leasing is an innovative solution that helps veterans overcome one of the biggest obstacles to housing stability: access to affordable homes in highly competitive rental markets," said Darryl Vincent, president and CEO, U.S.VETS. "The Home Depot Foundation provides the support to test and refine new models like this in cities across the country, so more veterans have the stability they need to rebuild their lives and move forward with confidence."
National Mobilization: Helping Heroes at Home
The investment announcement coincides with the Foundation's annual Celebration of Service initiative. This fall, Team Depot – The Home Depot's associate volunteer force – will complete hundreds of projects supporting veterans across all 50 states and three
A recent public build on the National Mall in
To learn more about the Foundation's impact and follow this year's Celebration of Service projects, visit HomeDepotFoundation.org and follow #TeamDepot on social media.
About The Home Depot Foundation
The Home Depot Foundation, a nonprofit supported by 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
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SOURCE The Home Depot Foundation
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much is The Home Depot Foundation committing to veteran causes, and by when?
The Home Depot Foundation is increasing its total commitment to $1 billion by 2032. The commitment supports efforts to address veteran homelessness and housing insecurity.