Skip to main content

Ex-NBA Star Launches Affordable Housing Development

Phil Hall
Sep 24, 2015
Apartment Construction Pic

At a time when both the public and private sectors seem baffled on how to stem the evaporation of affordable housing options, a former basketball star has taken the initiative in addressing the problem.

According to a report on TheRoot.com, Devean George (pictured right), who played with the Los Angeles Lakers and Golden State Warriors, has returned to his childhood community in North Minneapolis to develop a 47-unit building that will include a grocery co-op. The project is being created along with architect Jamil Ford, a former classmate of George’s.

“Housing, I believe, is the foundation to doing whatever you want to do,” George said. “If you don’t have stable housing, you’re not worried about education, you’re not worried about eating healthy, you’re not worried about anything else.”

George and Ford plan to create more affordable housing developments after the completion of their first endeavor.

“This is just the start,” George said. “This is just the catalyst of everything that’s going to go on.”

Fifth Third Bank Expands Down Payment Assistance Program

The program will provide up to $3,600 towards a down payment for families with low to moderate income.

Industry News
Jun 09, 2021
Filo Mortgage Launches Low-Rate Guarantee

National mortgage lender Filo Mortgage is offering to beat competitors' pricing by $1,000 with its Low-Rate Guarantee.

Industry News
Jun 08, 2021
FAU Index Shows Where Consumers Should Buy Or Rent

Consumers are better off renting in cities like Dallas, Texas

Industry News
Jun 07, 2021
Verus Title Inc. Expands Into Dallas-Fort Worth Texas

Verus plans to take advantage of the Dallas-Fort Worth market before expanding throughout the state.

Community
Jun 07, 2021
Freddie Mac Multifamily Extends Forbearance Deadline To September

Freddie Mac Multifamily extended the deadline for requesting a new COVID-19 forbearance agreement for its Multifamily loans to September 30, 2021.

Industry News
Jun 04, 2021
Fannie Mae Launches 'Your Own Story' To Educate Future Homebuyers

Fannie Mae is seeking to help demystify the homebuying process for future homeowners with “Your Own Story.” A new campaign to educate future homebuyers on the entire process.

Industry News
Jun 04, 2021