By: Carissa Diaz
Will Smith and Jay-Z are teaming up to help low-income families rent-to-own homes with their new investment in Landis Technologies.
The goal for the Landis Technologies investment is to provide families in need with a home while they rent, save up on money, and improve their credit to purchase a home. They will also be provided with courses to guide them with different techniques to improve their credit scores, manage money, and other subjects.
The actor and rapper were just two of the many who donated, as big companies like Instacart, Cash App, Tango, and more helped make up $165 million of investments. It is expected that approximately 1,000 homes will be purchased and available for low-income families.
Landis is located in New York and currently operates on the East coast and midwest, and is expected to expand to other states in the future.
Let’s hope that California makes it on that list soon to help our people!