The Home Depot Foundation is seeking applications for its Veteran Housing Grants Program to award grants to nonprofit organizations for the new construction or rehabilitation of permanent supportive housing for veterans.
Donor Name: Home Depot Foundation
State: California, Washington, New York, Texas, Michigan, Colorado, Illinois, Georgia, and Florida
City: Los Angeles, Seattle, New York, Houston, Detroit, San Diego, Denver, Chicago, Atlanta, and Tampa
Type of Grant: Grant
Deadline (mm/dd/yyyy): 03/25/2022
Grant Size: $100,000 to $500,000
Grant Duration: 12 months
Details:
Funding Information
- Awards typically range from $100,000 to $500,000.
- Project must commence within 12 months of proposal submission.
Eligibility Requirements
- The Foundation supports new construction or rehabilitation of multifamily, permanent supportive housing for veterans
- Only physical construction of housing for veterans (hard costs) is covered. The Foundation does not provide funding for furnishings, rental subsidies, tenant services, etc.
- The Foundation’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
- 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
Eligibility Criteria
- 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
For more information, visit Home Depot Foundation.
