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The Home Depot Foundation surprises veterans with rental, mortgage payments
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Exclusive: The Home Depot Foundation – which has a long history of supporting the men and women who defended our country – will help 1,000 veterans across the country with rental and mortgage payment assistance for the month of December.
On Friday, as the nation observes Veterans' Day, the foundation plans to surprise each vet with the news, many of whom were even homeless before securing housing in facilities operated by organizations including U.S.VETS, Volunteers of America, and Quest Communities.
This surprise is beneficial during a trying time for the country as high inflation, and rising interest rates continue to squeeze household budgets. On Thursday, Freddie Mac reported that the average 30-year rate rose to 7.08%, up from 6.95% last week. By comparison, rates were about 2.98% a year ago.
HOME DEPOT FOUNDATION SURPASSES $400M INVESTMENT IN VETERAN CAUSES
Meanwhile, rent costs jumped 0.8% in October and 7.5% annually, according to recent government data.