Homes for Heroes Helps Veterans Save Money On Their Home Purchases
We all dream of designing a luxury home to sell for big profits, but sometimes it’s important to take a moment to consider those who may struggle to afford their own house. The most worthy in our society - including military veterans, teachers, health workers and firefighters - are often seeing their wages cut and a lack of support after they finish service.
In the USA, there are around 40,000 homeless veterans, who cannot afford a home despite their service to the nation. Homes for Heroes is dedicated to helping people like these save money when purchasing a house.
Homes for Heroes Backstory
Homes for Heroes was established in response to 9/11, to give something back to all the workers involved in helping during the tragic event. To this day, ambulance workers and firefighters who were at the scene on 9/11 still to feel the effects, with the death toll continuing to rise due to diagnoses of cancer related to the attack. They have worked tirelessly to keep the American public safe and now, it is time to do what we can to repay them.
Homes for Heroes was officially established in 2002 in Minneapolis, MN, and began extensive research in 2004. This was to set out a business plan for obtaining discounts on housing for heroes who deserve it. By 2008, the organization had expanded to other states and it continued to grow, providing $25 million to heroes by mid-2017.
The Need for Cheaper Homes
In the USA, housing is becoming increasingly unaffordable, while the wages of public servants are stagnating. On average, teachers earn a salary of little over $36,000, ambulance workers are on around $45,000 and firefighters make $48,000. This is compared to a nationwide average of $44,000. Despite the incredible risks, long hours and high stress involved in these jobs, many heroes are earning below average or average wages.
The average house price across the US is $200,000, meaning that this is a huge financial burden for anyone on a modest income. For returning veterans, economic hardship is common and mental health conditions as a result of war can cause obstacles in joining the workforce. It is understandable that anyone regularly involved in traumatic events will develop psychological difficulties.
Despite a regular salary when working, retired heroes may simply not have the funds available to purchase a home. The United States has one of the lowest homeownership rates in the developed world, ranking 41st out of 49 countries measured. With purchasing a home causing significant burden, any attempt to help our most valued citizens is hugely welcome.
Homes for Heroes has come a long way since its humble post-9/11 beginnings. It has raised millions for those who most deserve it, which in turn helped veterans become homeowners. However, there are many more who need help, which is why the organization will ceaselessly continue their philanthropic endeavors.