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Google Funds Guaranteed Basic Income Program In California's Bay Area To Help Give Up To $12K Per Month To Families

A program working to “break the cycle of homelessness for good” in the Bay Area of California has launched, and Google is backing its mission., the charitable arm of Google, is a funding partner for It All Adds Up (Bay Area Thriving Families Study), a pilot program that is providing 450 families in the Bay Area who have faced homelessness with guaranteed basic income for a year. Each family is given a randomized amount of either $1,000 a month for 12 months or $50 a month for 12 months, according to the program’s website. Its fellow funding partner is J-PAL North America, a regional office of the global research center Abdul Latif Jameel Poverty Action Lab housed at Massachusetts Institute of Technology (MIT). Bay Area families that receive services from Compass Family Services or Hamilton Families and are part of their rental subsidy/rapid re-housing programs qualify for the recurring cash payments as long as they are in the final three months of their housing subsidy....

May 10, 2024

T.D. Jakes Real Estate Ventures Joins Miami's Largest Black-Owned Real Estate Developer To Build Affordable Housing In South Florida

Bishop T.D. Jakes is continuing to take action in real estate. As previously reported by AFROTECH, the senior pastor of The Potter’s House is behind T.D. Jakes Real Estate Ventures, which works to create affordable housing across the U.S.

Dec 12, 2023

Mike Epps Reflects On His Projects In Real Estate, Including Creating Affordable Housing — 'I Bought My Whole Childhood Block Back'

As Mike Epps and Kyra, his wife, gear up for the premiere of “Buying Back The Block,” they have added on another goal to their real estate ventures.

Oct 23, 2023

Udonis Haslem Launches Another Affordable Housing Project In His Hometown Of Miami

An affordable housing project will be carried out by Udonis Haslem in his hometown.

Aug 21, 2023

Slim Thug's Boss Life Construction Company Has Been Aiding Houston With Quality, Affordable Housing Since 2015

Slim Thug holds his role as a Houstonian in high regard and plays no games when taking care of his own.

Jul 6, 2023

A Loan Denial Led This Founder's Mom To Pawn Jewelry To Survive — Now, His Startup Helps Others Avoid That Fate

There is very little pride like the one connected to the neighborhoods people are from. Whether you are from Los Angeles, CA, New York City, or across the waters in Lagos, Nigeria – many people have a unique sense of pride in the deep points of connection that they have with the places they call “home.” While every home is unique, what exists as a universal truth is some of the challenges that tend to exist in those communities. No place is without its share of issues, from disparities in communal resources to the lack of safe and affordable housing. It is at this intersection that Esusu finds its purpose. Esusu is an institution created to help bridge the wealth gap. A core part of the mission is to alleviate barriers families have to access housing. With the belief that “housing is a fundamental right, and we envision a world without delinquency, housing evictions, and ultimately, homelessness,” the organization is actively working with government and community partners to bring...

Nov 7, 2022

A First-Of-Its-Kind Zero Energy Multifamily Development Is On Its Way To Baltimore

It’s about time the Black community got the affordable housing and spaces needed for us to grow and flourish! In a new announcement made in a press release, The Woodforest CEI-Boulos Opportunity fund shared the details for its $1.1 million equity investment in the Zero Energy North Avenue Affordable Housing project currently located in the “Black Arts District” within West Baltimore’s Penn North neighborhood. The high-impact commercial real estate Opportunity Zone fund was created by Woodforest National Bank and CEI-Boulos Capital Management to change the narrative when it comes to affordable housing. Thanks to the investment, the project to rehabilitate abandoned, historic townhouses will become the first multifamily, zero energy development in the city of Baltimore. It will also be the first mixed-use, zero energy development in the state of Maryland. “This project is a perfect example of using the OZ incentive and CRA investment to help make the vision community members had for...

Nov 17, 2021

T.D. Jakes Real Estate Ventures Presents 'Master Plan' For Land Near Tyler Perry Studios

Bishop T.D. Jakes has sent a message. According to the Saporta Report, the mega-church pastor’s real estate arm has submitted a reported “master plan” for affordable housing on what was formerly a military base for the Confederacy. In the T.D. Jakes Real Estate Ventures’ “master plan” submission, the affordable housing would be partnered with entertainment districts dedicated to the new communities in Fort McPherson, which is just outside of Atlanta, GA. The five-part plan will provide amenities and other resources that are not currently available in southern Atlanta. In the first part of the plan, the VA hospital and the bungalows surrounding the VA hospital will be updated. That’s followed by the second part of the plan, which is when the single-family subdivision, townhomes, apartment complexes, retail space and a K-8 school along the Campbellton Road corridor will begin construction — in other words, the affordable housing. That will be followed by commercial space, which T.D....

Morehouse College Students Walk Away With $20K Grand Prize Thanks To Zillow

Thanks to Zillow, these Morehouse College students are cashing out and helping others at the same time! Zillow has officially announced the winners of its HBCU Housing Hackathon, where more than 150 students from Historically Black Colleges and Universities (HBCUs) competed for top prizes. Each team of students was to bring innovative ideas to life that would help both at-risk renters and struggling first-time home buyers. The team from Morehouse, made up of four students, walked away with first place and a grand prize of $20,000 which will be split evenly amongst all four students. Their program, “Reliby,” uses a machine to predict increases in rent and utility costs at a particular address over time. Their program also offers renters an early warning about any affordability challenges that may be underway. “It’s awesome to conceptualize a project that could help a lot of people and not only win this hackathon and receive prizes that are great for my team, but also help earn a...

Oct 7, 2021

Black Father-Son Title Insurance Agency Owners Close $30M Affordable Housing Deal

Father-son business partners Osei and Nadir Rubie are developing a new affordable housing project amid the U.S. housing crisis. According to Shoppe Black , the Rubies closed a $30 million real estate deal through their title insurance agency, National Standard Abstract (NSA) , one of the largest Black-owned companies in the industry. “In our five-plus years of operation, a common question posed to us is ‘how do we engage National Standard Abstract to provide title insurance for our project or transaction?’ As an MBE NYC Certified firm, our credentials are inclusive of City-funded commercial real estate projects as well as market-rate development projects,” said Nadir Rubie. Overseen by CB Emmanuel Realty, LLC, the project will be a seven-story residential building with 71 units— 55 studios, 14 one-bedroom, and two two-bedroom apartments—in Brooklyn, New York’s Brownsville neighborhood. The residences will be economic-friendly and provide upscale amenities including tenant and bike...

Aug 17, 2020

Charles Barkley Plans to Build Affordable Housing in Hometown Using Funds From NBA Memorabilia

Hall of Famer Charles Barkley recently revealed in several interviews that he has plans to sell off some of his NBA memorabilia to help provide funds for affordable housing in his hometown of Leeds, Alabama. Barkley told WJOX 94.5 that he wants to make a difference in his old community and believes the best way to do so is to sell off his valuables, including his 1993 NBA MVP trophy, his 1996 Olympic gold medal and more memorabilia from the 1992 Dream Team. “I don’t think I have to walk around with my gold medal or my MVP trophy for people to know I’m Charles Barkley, so I’m going to sell all that crap,” Barkley said on the Dan Le Batard show last Thursday. “That just clutters my house. I used to keep it at my grandmother’s house, but they all passed away, and I don’t want that stuff crapping up my house.” The eyesores in the neighborhood, or rotted-out houses Barkley knew of growing up, have good reason to become spaces for affordable housing. “I want to work with the city of...

Mar 10, 2020