RANCHO CUCAMONGA, Calif. – To honor the sacrifice and valor of veterans and active duty service members, HomeStrong USA has launched HomeStrong’s Heroes, a program where vacant properties are rehabilitated to high standards and sold to veterans for 20% less than market value. Leveraging partnerships with Bank of America, home improvement retailers, and veteranowned construction companies, the program provides veterans with sustainable, affordable homeownership.
The program’s first home recipient, retired Army Corporal and Missile Crewman Larry Hook, will be welcomed into his new home in Hesperia, Calif., by Mayor Bill Holland, and representatives of the city, HomeStrong USA, Bank of America and MGR Real Estate Services.
Bank of America has already donated nearly 60 vacant properties to HomeStrong USA in California for veterans and service members. “The American Dream of omeownership would not be possible without the bravery of our troops,” said Jed Davis, CEO of HomeStrong USA. “Although we will never fully be able to repay our veterans for the sacrifices they have made, this program aims to offer them a piece of the dream they helped secure.” Veteran Larry Hook, served as a Missile Crewman in the United States Army Air Defense Command from 1959 to 1962, during the height of the Cold War. Following his active duty service, he served as a reservist for an additional four years.
“The house looks turnkey to me. They did a good job of remodeling and refurbishing. I am very appreciative,” said Mr. Hook. “They have been very nice to work with. The whole program seems to be something that vets should take advantage of.”
As part of Bank of America’s efforts to help revitalize communities and support the housing needs of those who have served and sacrificed for our nation, the
company has pledged to make up to 1,000 homes available nationwide through property donations to military veteran-support charities and other nonprofits
such as HomeStrong USA. Bank of America has a long history of serving our troops, serving more than 2 million military customer households and
employing nearly 6,000 active service members and veterans.
“Giving back to our military veterans in the form of homeownership is a tremendous honor for us at Bank of America. That is why we are proud to work with military related nonprofits such as HomeStrong USA to donate up to 1,000 vacant properties to our military service men and women,” said Gregg Hall, senior vice president, Bank of America and member of the bank employee’s Military Support & Assistance Group.
Beyond helping veterans and military families achieve sustainable homeownership, HomeStrong’s Heroes also seeks to propel them toward financial strength and stability. Participants will have access to ongoing financial education seminars and one-on-one housing counseling from USA Cares Certified Military Housing Specialists, completely free of charge.
“Financial management is a key aspect of this program,” said Pete Serbantes, Program Director at HomeStrong USA. “Our financial education series empowers individuals and families to succeed in homeownership.”