The Home Depot Foundation is dedicating $10 million to help veterans age in their homes and avoid homelessness, addressing a critical need for accessible housing as the veteran population ages. This investment will fund affordable housing projects, critical home repairs, financial assistance, and home adaptations, impacting thousands of veterans nationwide.
The traditional notion of homeownership providing financial security in retirement is evolving. Many older homeowners are facing challenges, from rising mortgage balances to a lack of suitable housing options. Home equity, while still valuable, is not always easily accessible, and other factors such as income and maintenance costs can add to financial burdens. Policymakers and experts need to consider solutions to address the housing needs of an aging population.
