Yes, you heard that right. Two of the biggest rappers of all time Jay-Z and Will Smith are helping low-income renters to become homeowners.
Smith’s Dreamers VC and Jay-Z’s Roc Nation recently made investments into Landis Technologies, a firm that buys homes and rents them out to low-income earners who are working to be eligible for mortgages.
Smith and Jay-Z aren’t the only investors, though. They join Front, Instacart, Ethos, CashApp, Flatiron Health and Tango. Together, they have helped the firm to earn more than $165 million. Landis Technologies will use the donations to buy around 1,000 homes for low-income families.
Landis also wants to change the mindset of these low-income families. Its staff is also offering coaches that will school the renters on topics like improving credit scores, money management, and other crucial information that will help them to qualify for a mortgage.
The firm’s main goal is to turn 80% of its renters into homeowners within the next two years. Once they become eligible for a mortgage, they can buy back the home for a predetermined price up to two years after Landis initially bought the home.
According to Landis co-founder Cyril Berdugo, financial inclusion is crucial to the company. One aspect that he is very proud of is how they are creating wealth for Americans with low income. They basically make money only when their clients buy back a house. So, it’s in their best interest for clients to grow financially.
Cyril added that what makes the company unique is its ability to coach virtually anyone on how to become a homeowner. Now that Landis has received this significant new funding, he aims for the business to set a bigger number of Americans on the path to becoming homeowners.
The company plans to hire more talent across the country, expand to new states, and offer a better experience for everyone involved, from lenders to partner agents and clients.
This is a worthy investment from Will Smith and Jay-Z, and it’s one to pay attention to as it will improve the quality of life for a lot of people in the country.
He also believes that crypto has unlimited possibilities, and we are just at the starting point.
The partnership also benefits the musician’s XO Humanitarian Fund; this is a fund that works with the United Nations World Food Program.
Binance has funded the fund with $2 million, and 5% of sales from NFTs sold during the tour.
And the singer wants the fund to offer life-saving support to those on the verge of starvation.
In fact, when the fund launched in March, The Weeknd donated $500,000 and promised to donate $1 for every ticket he sold in North America.
The World Food Program also refused to be left behind, donating a further $1 million.
Pushing Through A Slump
Photo credit: Twitter – Binance
It’s no secret that billions of dollars have been lost in the crypto market.
But it’s not the end of the market, according to the Hedge Trust CEO, Eric Zhou.
Even though the crypto market has taken massive hits, collaborations like this show how cutting-edge Web3 might be given a chance.
The partnership has already shown innovation through NFT tickets, merchandise, metaverse projects, and more.
Zhou added that for as long as crypto remains viable and accepted by countries, he is optimistic about the future and will ensure his company remains at the forefront.
The Weeknd: Pushing Boundaries
Photo credit: Twitter – The Weeknd
The Weeknd is also optimistic about the future of crypto if this partnership is an indicator.
Time will tell if crypto returns to its former highs, but at least we are getting a kickass Weeknd tour out of it.
Photo credit: Twitter – LeBron James Family Foundation
This is a multimillion-dollar facility in Ohio that offers a range of medical services like:
Lab services
Dental
Optometry
Pharmaceutical
Mental health
I Promise HealthQuarters will open next year and close to other I Promise facilities like the I Promise Village and I Promise School.
The medical center has teamed up with local health providers who include:
Peg’s Foundation
Coleman Health Services
AxessPointe
Together, they plan to give local residents affordable healthcare.
Coming Together
Photo credit: Twitter – LeBron James Family Foundation
According to LeBron, it takes a whole village to raise a child the right way, and that’s what he’s trying to do through his Foundation.
And the LeBron James Family Foundation executive director, Michele Campbell, revealed that their work will keep expanding in ways they never thought possible.
Accessing affordable healthcare is essential for low-income families, and this need was heightened thanks to Covid.
So, the Foundation brought the community together to create a roof with all the experts.
Naturally, this would not be possible without help from like-minded partners who also wanted to help the community.
In 2018, I Promise School was launched courtesy of the LeBron James Family Foundation and Akron Public Schools.
Its mission was, and remains, to help the community’s most at-risk students.