Home Depot Foundation Launches $30 Million Initiative to Address Veterans' Housing Issues

Home Depot Foundation Launches $30 Million Initiative to Address Veterans' Housing Issues

The Home Depot Foundation has announced the launch of a three-year, $30 million initiative to support projects that address veterans' housing issues.

The foundation announced initial grants totaling $3.1 million through the initiative to the Fisher House Foundation, The Mission Continues, and Volunteers of America to repair and rehabilitate facilities and homes serving veterans of all ages. In addition, each grantee will be supported by Team Depot, the company's associate-led volunteer force. Home Depot employees, called "associates," will volunteer their time and home improvement know-how and skills to these projects as well as others supported through the initiative.

Volunteers of America, one of the largest nonprofit providers of affordable housing in the country, will receive a three-year, $1.8 million grant to repair and rehabilitate properties where veterans and their families live, while The Mission Continues, which provides returning veterans with opportunities to lead community volunteer projects or complete fellowships with other nonprofits, will receive $1.05 million to work with Team Depot volunteers to complete more than a hundred community projects and place a disabled veteran at the Home Depot Foundation for a six-month fellowship. In addition, the Fisher House Foundation, which provides comfort houses for the families of veteran and active duty military patients receiving medical care, was awarded $500,000 to repair and enhance many of its existing houses.

"Our nation's veterans have made great sacrifices for our country, yet the statistics show that many of them face severe housing needs due to disability, lack of affordable housing, and unemployment," said Home Depot chairman and CEO Frank Blake. "Their plight is very personal to all Home Depot associates because we have more than 35,000 veterans who work for us and an estimated 1,500 associates serving on active duty at any given time."

"The Home Depot Foundation Pledges $30 Million to Veterans Housing Issues." Home Depot Foundation Press Release 04/13/2011.