The Home Depot Foundation announced a 10-year, $100 million commitment to support efforts to make communities healthier and more stable. In total, the pledge will support the development of 100,000 affordable, healthy homes, and the planting and preservation of more than 3 million community trees over the next decade.
The Foundation says it is making this long-term commitment because many local communities are facing enormous housing, health and environmental challenges. The lack of affordable, healthy homes for working families is emerging as a national crisis as the incomes of working families have failed to keep pace with the rising costs of housing, according to the retailer.
The company says that trees reduce energy use by cooling urban areas in the summer and providing shelter in the winter and that placing trees properly in a yard can reduce a home’s energy usage by 30 percent.