100 Organizations Nationwide Awarded $10 Million for Renovations Through Lowe's Hometowns Community Impact Program
Lowe'sLowe's(US:LOW) Prnewswire·2024-06-25 12:00

Core Insights - Lowe's announced $10 million in grants through its Hometowns program, benefiting 100 projects across 88 communities in 44 states and Washington, D.C. [3] - The initiative aims to address critical community needs, including veterans services, affordable housing, and food insecurity [1][3]. Group 1: Grant Details - The grants will support various projects, such as building a community for veterans in South Dakota and transforming kitchens for children in foster care in Tennessee [1]. - The Lowe's Hometowns program is a five-year initiative with a total budget of $100 million, expected to benefit 2.5 million people within one year of project completion [3]. Group 2: Community Impact - Lowe's associates will also engage in over 1,700 community revitalization projects, contributing tens of thousands of volunteer hours [3]. - Specific projects include creating a tiny home community in Lahaina, Hawaii, and transforming an abandoned lot in Detroit into a garden and market space [4]. Group 3: Partnerships and Support - The program is supported by a partnership with Points of Light, which acts as a community impact adviser [4]. - Nonprofits often struggle to secure funding for infrastructure and community services, making these grants particularly valuable [5]. Group 4: Company Overview - Lowe's operates over 1,700 home improvement stores and reported total sales exceeding $86 billion in fiscal year 2023 [7]. - The company serves approximately 16 million customer transactions weekly and employs around 300,000 associates [7].