Showing 284 results for:
housing
Popular topics
All results
LeBron James paid it forward to his mother when he signed a lucrative contract with Nike. The Akron, OH , athlete was drafted to the NBA in 2003 as a No. 1 overall pick, according to Basketball Reference. In his rookie year with the Cleveland Cavaliers, he caught the attention of Nike, Adidas, and even Reebok, which would have amounted to a $10 million shoe deal. As AFROTECH™ previously reported, James ultimately rejected the Reebok deal since it came with the condition of being unable to speak with other companies. “Me and my mom were living in an apartment—section 8 housing in Akron. I’m going back. I don’t have sh-t, whatever, and my mom looked at me. She said, ‘Son, trust your gut. If they’re offering you this, then who knows what the other companies may offer you.’ She’s super composed. She’s like, ‘We ain’t got sh-t already, so it’s not like it changes our life in this moment. Maybe in the future, but I want you to trust your gut and do what you think is right,’” James said on...
Floyd Mayweather has made a major move in real estate, investing $402 million to acquire over 60 buildings with more than 1,000 units in New York, NY, TMZ reports . “Growing up, I used to dream about owning just one home by myself, when you work hard you can achieve anything,” Mayweather shared with TMZ. According to The Real Deal, this investment is aimed at developing affordable housing for families in need. Other Real Estate Deals Mayweather’s real estate portfolio in New York doesn’t end there. As previously reported by AFROTECH™ , the boxer also owns nine skyscrapers in the area through a partnership with SL Green. “SL Green is a company I’ve worked with for many years, and Andrew Mathias—great business guy,” Mayweather said on the “Earn Your Leisure” podcast, referring to Mathias, president of SL Green Realty Corp. On a walk through the city with the businessman, Mayweather recalled him saying, “‘You see that building right there? …Yeah, we own that. You see this building? We...
50 Cent plans to develop housing in Shreveport, LA. As Blavity previously shared, the Shreveport area is now home to the rapper’s G-Unit Studios, an extension of his G-Unit Films and Television company. The 985,000-square-foot property aims “to operate a production studio and/or activities and uses related to the promotion or development of the film, sound, light, movie, television, broadcasting, recording, and arts industries,” per a previous report by AFROTECH™. G-Unit Studios’ purpose includes giving opportunities to creatives and the community. 50 Cent has announced a three-phase plan to revitalize the area, with housing development being a focus area, according to KTAL-6 News in Shreveport. “We start building houses, and we have an idea to go into communities and help low- to moderate-income families get mortgages,” Orville Hall, G-Unit’s growth advisor, said per KTAL-6. Furthermore, plans will focus on supporting youth by creating new media programs. “We’re going to go to each...
An affordable housing project is underway to preserve a Black neighborhood in Raleigh, NC. According to The News & Observer, LeVelle Moton, the North Carolina Central University head basketball coach, will lead an $8.3 million real estate project called Cottages of Idlewild through his company, Raleigh Raised Development, created alongside business partners with CJ Mann and Terrell Midgett. This project aims to support Idlewild, a primarily Black community that was one of Raleigh’s earliest neighborhoods where former slaves achieved homeownership. The outlet notes that as time went on, however, it became harder for the community to afford to live in the area due to gentrification. Cottages of Idlewild will consist of 18 affordable houses on 1.7 acres of city-owned property, backed by assistance from donors, including NC Realtors Housing Foundation, Wells Fargo Foundation, and the Coastal Credit Union Foundation. The venture holds greater significance to Moton because, per the...
Russell Westbrook is back again with an initiative to support his hometown. The Los Angeles Clippers star has joined Evermont, a project to build 180 affordable housing units in South Los Angeles, CA, reports FOX 11, an affiliate of FOX in Los Angeles. Anchored by Target, the housing development plans to build on a site where the Los Angeles riots happened following the police officers being acquitted after brutally beating Rodney King in 1992. View this post on Instagram A post shared by Russell Westbrook (@russwest44) In addition to the affordable housing for seniors and families, the Westbrook-backed project will include a SEED school and “community-centered businesses,” the outlet details. Moreover, new jobs will be available for residents. The overall mission is to play a role in shifting the narrative of South Central Los Angeles by leading with civil and community engagement. According to Russell Westbrook Enterprises’ website, Westbrook founded the Russell Westbrook Why Not?...
Angela Bassett is one of the most legendary actresses of our time. Just take a look at a few of the numerous classics the Oscar-nominated star has starred in: “What’s Love Got to Do with It,” Boyz n the Hood,” “Waiting to Exhale,” “How Stella Got Her Groove Back,” and more. Recently, Bassett gave a stellar performance as Ramonda in Ryan Coogler’s “Black Panther: Wakanda Forever.”