The Home Depot Foundation Pledges $1 Billion to Veteran Causes by 2032

Expanded commitment will develop and grow innovative housing solutions 

to help end veteran homelessness

Key Facts:

• $1 Billion: The Home Depot Foundation's total commitment to veteran causes through 2032.
• $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.

ATLANTA, Oct. 22, 2026 /PRNewswire/ -- Building on 15 years of impact since 2011, today The Home Depot Foundation is increasing its total commitment to veteran causes to $1 billion by 2032. Across America, nearly 33,000 veterans experience homelessness on any given night, and over 2.75 million live in inadequate housing. To address this crisis, the Foundation's expanded commitment will tackle both immediate and long-term veteran housing challenges, including veteran homelessness, through scalable, innovative solutions.  

"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."

15 Years of Impact

Since 2011, The Home Depot 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, 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 U.S. territories.

A recent public build on the National Mall in Washington, D.C., highlighted these efforts. In honor of America's 250^th birthday, The Home Depot Foundation and Team Depot partnered with Purple Heart Homes to construct a fully accessible modular home on the Mall for James "Jim" Taylor, a U.S. Marine Corps veteran who overcame homelessness. After construction, the house was transported to Virginia, where a formal dedication will occur later this year for the proud new homeowner.

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 $650 million in veteran causes and improved more than 70,000 veteran homes and facilities. The Foundation has pledged to invest $1 billion in veteran causes, and, alongside The Home Depot, create 15 million opportunities to explore skilled trades careers through the Path to Pro program by 2032. To date, the Foundation has surpassed $1 billion in total charitable giving. To learn more about The Home Depot Foundation visit HomeDepotFoundation.org and follow us on LinkedIn, on Twitter @HomeDepotFound, and on Facebook and Instagram @HomeDepotFoundation.

SOURCE The Home Depot Foundation