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Daily News

Home Depot Assists in Long-Term Hurricane Recovery
Sep 20, 2005
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Appliance retailer The Home Depot launched Rebuilding Hope & Homes, the second phase of its response to communities affected by Hurricane Katrina. Through customer contributions and a match of up to U.S. $1 million by The Home Depot, Rebuilding Hope & Homes will fund health and human service programs for disaster victims, and support the construction and refurbishment of affordable housing for individuals and families displaced by the storm.

Half of the donated and matched funds will go to the United Way of America. The United Way will utilize its grant within its local chapters to fund the services it is providing to those affected by the storm. The other half will go to The Home Depot Foundation, which, over the next several months, will provide funds to nonprofit organizations working to rebuild communities devastated by the storm and to construct affordable housing for individuals of low to moderate income who were displaced by Hurricane Katrina.

"Our initial direct cash contribution to the American Red Cross, The Salvation Army and other emergency management agencies was made to meet the immediate need of those affected communities," said Bob Nardelli, chairman, president & CEO of The Home Depot. "With Rebuilding Hope & Homes, we can channel the support of our large and loyal customer base to help fund the largest long-term rehabilitation and rebuilding project in our country's history."

In addition to the efforts, The Home Depot will be donating 300,000 volunteer hours to communities across North America as part of the Corporate Month of Service in September. As previously announced, initial projects scheduled in communities affected by Hurricane Katrina are being refocused, and resources will be used to assist in the cleanup and rebuilding efforts of those communities.

The Home Depot also has set aside $250,000 for community grants to nonprofit organizations assisting in the immediate recovery and rebuilding efforts of the affected areas.

The Home Depot has offered any associate who has been displaced by Hurricane Katrina the opportunity to continue employment at any The Home Depot store. To date, approximately 500 associates have been employed in other stores across the U.S.

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