Home Depot Grants $30M to Vet Housing

Home Depot Grants $30M to Vet Housing

Atlanta Business Chronicle

04.13.11


The Home Depot Foundation wants to help house those who have served the nation through military service.

The charitable arm of Atlanta-based The Home Depot Inc. (NYSE: HD) pledged $30 million over three years to address veterans' housing issues. The pledge begins with the donation of $3.1 million to Fisher House Foundation, The Mission Continues and Volunteers of America to repair and rehabilitate facilities and homes serving veterans.

Fisher House Foundation will get a one-year $500,000 grant to repair and enhance the organization's 54 existing houses.

Volunteers of America will receive a three-year $1.8 million grant to repair and rehab properties where veterans and their families live.

The Mission Continues gets a $1.05 million grant to complete more than 100 community projects this year.

Home Depot employees also will volunteer to help on projects for all three organizations.

"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 Frank Blake, Home Depot chairman and CEO, in a statement. "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."