facebook
twitter
rss
account
search
search
 

Singer Gooding Sr. taking to real estate

Nov. 16, 2006 at 7:44 AM   |   Comments

LOS ANGELES, Nov. 15 (UPI) -- Former Main Ingredient lead singer Cuba Gooding Sr. is heading up an effort to help disadvantaged people buy homes in U.S. urban areas.

Teaming with entrepreneur James T. Webb, the 62-year-old singer is using his Gooding Development Co. to renovate and redevelop houses across America, and then sell them to underprivileged people at an affordable cost, Gooding said in a news release.

"Our goal is to keep properties affordable so that inner-city families can share in the pride of owning their own homes," Gooding said. "Because of 'redlining' and high 'predatory' interest rates, many families in inner-city America are denied the opportunity to have a house to call home. We want to change that."

The project focuses on communities in such states as North Carolina and Louisiana.

Gooding said that in addition to providing homes, the enterprise is intended to promote economic development and offer troubled individuals a chance at employment.

Topics: Cuba Gooding
© 2006 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Kendra Wilkinson to Hank Baskett: 'It's divorce time!' Kendra Wilkinson to Hank Baskett: 'It's divorce time!'
2
Amber Rose declares her love for Wiz Khalifa Amber Rose declares her love for Wiz Khalifa
3
Beyonce, Jay Z reportedly renewed their vows Beyonce, Jay Z reportedly renewed their vows
4
Elizabeth Pena died of complications from alcohol abuse Elizabeth Pena died of complications from alcohol abuse
5
Justin Timberlake, Jessica Biel settle lawsuit against Heat magazine Justin Timberlake, Jessica Biel settle lawsuit against Heat magazine
Trending News
Around the Web
x
Feedback