Submitted by The Home Depot
ATLANTA, April 26, 2023 /CSRwire/ – 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:
“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.
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