50 Cent and G-Unit Announce Housing Project in Shreveport, LA, Aimed at Helping Low- to Moderate-Income Families Obtain Mortgages
50 Cent has announced plans to develop housing in Shreveport, LA, aiming to support low- to moderate-income families in securing mortgages.
Previously, Blavity reported that Shreveport is now home to the rapper’s G-Unit Studios, an extension of his G-Unit Films and Television company. The 985,000-square-foot property is dedicated to operating a production studio and related activities in the film, sound, light, movie, television, broadcasting, recording, and arts industries, according to a report by AFROTECH™.
G-Unit Studios aims to provide opportunities for creatives and the community. According to KTAL-6 News in Shreveport, 50 Cent has announced a three-phase plan to revitalize the area, with a significant focus on housing development.
“We start building houses, and we have an idea to go into communities and help low- to moderate-income families get mortgages,” said Orville Hall, G-Unit’s growth advisor, as reported by KTAL-6.
In addition to housing, the plans will emphasize supporting youth through new media programs.
“We’re going to go to each high school,” Hall added. “We hope to put a media program in each high school, to start training purposes and mentorship, to put these young people in a positive environment.”
Phase one of 50 Cent’s plan is currently underway and involves purchasing at least 24 properties to develop businesses and address community needs. Some properties have already been secured.
“There are quite a few entertainment spots for not only adults but kids. He’s bringing a big jump park here that he’s paid for — it’s a substantial size park,” explained Gerod Durden, a real estate broker working closely with 50 Cent. “We’re looking at a grocery store in the immediate downtown Shreveport area. These are ideas we come up with together with the whole team, asking, ‘What can help the community?’”
Once the revitalization process is complete, 50 Cent and his team plan to shift their focus to housing and youth programs.
“This guy is very passionate about this city,” Durden said.