flexiblefullpage
Currently Reading

Lebron James I Promise Program Opens New Akron Housing Complex

Advertisement
billboard
Multifamily

Lebron James I Promise Program Opens New Akron Housing Complex

A LeBron James-backed I Promise affordable housing complex opened its doors to 50 families in Akron, Ohio, this week

 


June 9, 2023
Multifamily apartment building exterior
Image: harmantasdc / stock.adobe.com

A $16.1 million apartment complex backed by Lebron James’ I Promise program opened its doors in Akron, Ohio, on Thursday, the Akron Beacon Journal reports. The apartments will house 50 I Promise families as part of James’ wider effort to improve the lives of Akron schoolchildren and their families. 

The project was completed with the help of the East Akron Neighborhood Development Corporation (EANDC), as well as a number of partners, including Huntington Bank, which put together the financing and government and private funding for the housing complex.

EANDC President and CEO Cheryl Stephens said it took four years − including navigating a global pandemic − to make it a reality.

"Housing for everyone is part of the American dream," she said.

Other partners in the project included the Ohio Housing Finance Agency, Premier Bank, Ohio Capital Corporation for Housing, and Federal Home Loan Bank of Cincinnati to create what is being called the first-of-its-kind affordable housing development to provide long-term housing for at-risk families.

Read more

 

Advertisement
leaderboard2

Related Stories

Housing Markets

Tracking Tool Shows Home Price Gains Over Past 5 Years

This interactive tool reveals 5-year home price changes in the priciest U.S. counties

Build to Rent

Why the Boom in Rental Apartment Construction Isn't Helping Affordability

A rental apartment construction boom isn't enough to resolve the growing affordability crisis, especially when most of those units are high-end and aren't located where housing is most needed

Business Management

Bridging the Gap Between Housing and Health Care

By addressing social determinants of human health, such as housing, Sameer Sood's FwdSlash is helping to make affordable shelter a value-based investment

Advertisement
boombox2

Top Articles

Advertisement
boombox1
Advertisement
native1
halfpage2

More in Category

COVID-19 may be easing its grip on the U.S. after a disastrous two years, but lingering supply chain disruptions have builders holding onto their pandemic business tactics

An archive of NHQA-winning companies that represent home building's best in Total Quality Management

Don’t let the current hype about single-family B2R communities obscure the need to create long-term sustainability and asset value

Advertisement
native2
Advertisement
halfpage1

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.