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Posts tagged ‘Homes For Our Troops’

11
Dec

Where Does $100 to Home For Our Troops Go?

Home For Our Troops (HFOT) is a non-profit tax-exempt 501 (c) (3) whose mission is to build specially adapted custom homes for severely injured post-9/11 veterans to help restore freedom and independence that was sacrificed defending our country.

To do this, HFOT raises funds, buys land, and builds homes but maintains a lien on the home for 10 years (to protect the veteran from losing the home to foreclosure/bankruptcy and to protect donors who made the home possible). Beginning in year 6, the veteran accrues 20% equity per year until they obtain full ownership in year 10. Since HFOT was established in 2004, 266 homes have been built (and only two veterans moved out before the end of their lien period). Read more »

4
Jul

Where does $100 to Homes For Our Troops Go?

Our veterans hold a special place in our hearts because they have put themselves on the front line to protect our country. ¬†Although the US Department of Veterans Affairs strives to take care of our veterans when they come home, this is not always the case because the demand for goods and services often outweighs the government’s ability to meet these needs. To make up the shortfall, many non-profit charitable organizations raise funds to help. Read more »