Celebrating service and creating housing opportunities
Veterans in the state of Georgia have a median household income of $62,863. The state is home to nearly 100,000 veteran-owned businesses. And 40 percent of Georgia’s veterans earn more than $75,000 annually. But there is a troubling number of veterans who are struggling financially.
According to the Veterans Administration and the U.S. Census Bureau, 15 percent of veterans in Georgia’s workforce are earning less than $25,000 annually. With metro Atlanta’s soaring rental rates and record levels of evictions, the margin of error is very small for these veteran households. Providing affordable rental and homeownership options for low- and moderate-income veterans provides a path to financial sustainability.
With the support of The Home Depot Foundation, ANDP has offered affordable housing opportunities to 110 veteran households in metro Atlanta since 2013. The organization continues to acquire, rehab and sell homes affordably to veterans – with $5,000 in homebuyer assistance. And we continue to increase our affordable rental opportunities.
Meet Early. Early, a Vietnam-era veteran of the U.S. Navy, is on a fixed-income and in need of a stable, affordable housing. His son told him about the ANDP Veterans Housing Program and encouraged him to participate. Today, Early is enjoying his Decatur home and paying less in a monthly mortgage that he was in rent. He is one of many veterans ANDP has assisted with affordable homeownership or rental opportunities.
As a community and as a nation, we must create more housing opportunity for our brave veterans like Early. We are thankful for the support of The Home Depot Foundation and other partners who make our veterans program possible. ANDP will continue to work with a number of partners and stakeholders to create new paths to homeownership for low-income households.
This Veterans Day, it’s important to celebrate the service and contributions of all veterans. But it is also important to lend a hand to those in need. Support veterans in ways that are meaningful to you and your organization. Incorporate veteran service components in your organization. Volunteer your time with veteran service organizations or consider making a contribution on Georgia Gives Day, November 28, to support the work of these organizations.