The Foundation’s Veteran Housing Grants Program awards grants to nonprofit organizations for the new construction or rehabilitation of permanent supportive housing for veterans.
Donor Name: The Home Depot
State: Selected States
City: Selected Cities
Type of Grant: Grant
Deadline: 12/16/2022
Size of the Grant: $100,000 to $500,000
Grant Duration: 12 months
Details:
Funding Information
Awards typically range from $100,000 to $500,000.
What organizations qualify for this program?
- 501(c)(3) nonprofit organizations that have maintained good standing with the Internal Revenue Service for at least five years
- Organizations with a current operating budget of at least $300,000 and audited financial statements from the past three years
- Organizations with previous experience developing veteran housing and that currently manage or own veteran-specific housing
- Organizations with a 15+ year ownership stake in the development
- Organizations involved in the Continuum of Care or a local collaboration to end homelessness in their community.
Eligibility Criteria
- THDF supports new construction or rehabilitation of multifamily, permanent supportive housing for veterans
- Only physical construction of housing for veterans (hard costs) is covered. THDF does not provide funding for furnishings, rental subsidies, tenant services, etc.
- THDF’s grant funding must be comprised of less than 50% of the total development cost of the project/program
- The target population of honorably discharged veterans must be at or below 80% AMI
- 75% of the development/program’s funding sources must be identified at the time of proposal submission
- Project must commence within 12 months of proposal submission
- At least 20% of the housing units must be reserved for veterans
- Proposals must provide evidence of a third-party binding agreement that ensures the units are occupied by veterans for a minimum of 15 years. I.e. project-based HUDVASH, other funder requirement, deed restriction, zoning requirement, etc.
- Supportive services must be provided.
For more information, visit THD.
