The Home Depot Foundation is committing $1 billion to support veterans by 2032.
In making the announcement, the organization said it will test and scale new approaches for long-term impact, including grants aimed at preventing homelessness and renovating permanent supportive housing for vets.
Additional funding will support alternative housing models, such as Purple Heart Homes’ modular home builds for senior and housing-insecure veterans.
“We believe every veteran deserves a safe place to call home,” said Erin Izen, executive director of The Home Depot Foundation. “Our $1 billion commitment supports the partnerships and solutions needed to help more veterans move from uncertainty to long-term stability.”
Since 2011, the foundation has invested more than $650 million in veteran causes, improved more than 70,000 veteran homes and facilities, and contributed to a more than 50% reduction in veteran homelessness over the last 15 years.
During this time, it has expanded access to transitional and permanent supportive housing facilities with partners like Volunteers of America, 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.
With the National Housing Conference, the foundation recently convened a national summit of nonprofit partners and industry leaders to discuss the systemic causes of veteran housing insecurity and identify solutions.