JAY-Z and Will Smith have teamed up on business ventures in the past and they have combined forces as investors on another endeavor. According to Bloomberg, the pair of entertainment moguls are investors in the startup Landis Technologies, which aims to help turn thousands of renters into homeowners.
JAY-Z’s Roc Nation and Smith’s Dreamers VC were part of a group of investors that helped Landis raise over $165 million. The influx of cash will go toward purchasing about 1,000 homes. The company will then rent the home to low-income families until they qualify for a mortgage.
“Financial inclusion is really important to us,” co-founder Cyril Berdugo said. “An aspect of Landis that we’re very proud to be a part of is wealth creation for low-income Americans. We make money when our client buys the house back. If we leave money on the table, that’s our problem.”
Landis Technologies hopes to turn 80 percent of their renting clients into homeowners after two years. They will look to coach clients on how to best save money, improve their credit scores and help them learn to manage their finances more efficiently.
“We make money when our client buys the house back,” Berdugo continued. “If we leave money on the table, that’s our problem.”
JAY-Z & Will Smith-Produced Miniseries On Emmett Till's Mother Coming To ABC
Landis is based in New York and also operates in 11 states such as Alabama, Kentucky and South Carolina.
Will Smith is gearing up for his latest film King Richard, where he stars as the father of tennis phenoms Serena and Venus Williams. The blockbuster hits theaters on November 19.
Watch the trailer below.
Finally some good news.
They going to have so many stipulations most poor black folks won’t get approved.
Ok negative Nancy. God damn.
Do you know that for sure or are you just searching for something negative to find in what could be something great?
Thats y they said they will give u 2 yrs to straighten out ur credit, their not giving anything, so if u guys think their giving not so incentive to help u do better.
Finally nothing involving alcohol or designer partnerships. I love this
glorified slum lords
Do you know what a slumlord is?
Help me in VA!
We need a decent place to live. Husband is disabled and a special needs daughter, we live in the central Valley it’s been unbearably hot with a swamp cool. They just recently put air. Please we would love to own a home there not expensive here. Thank you
What a wonderful blessing may the universe continue to see you through Amen
I am from a country known as Tanzania!
Habari zenu
I want a house ?. I can pay rent. I’m in Ohio
Kudos to Will n Jay for they new partnership. It’s a good compliment to King Tekashi venture where he help so many family in New York, Chicago n LA over the last year by through a direct public investment measure called Makin It Rain!
I always wanted to own a home ,but some day I will make that a American dream come true for me also Thank You Jay.Z and Will Smith for your team work to help other Like me I will just keep working hard and keep my hope high ,pray more.
Show sum love over here in Bk….i have a big family and would love to own a home.
I need a house for me and my kids. I’m in Houston Tx renting apartment going up
I never had nothing then I could call my own always rent it and I want to cut you guys help me out I would deeply appreciate everything I have six kids and I live in the hood in Miami Florida
I never had anything that i can call my own I would deeply appreciate if you guys can help me out I live in Miami Florida
I would love to be a home owner tired of renting lets do this.
This would be wonderful ? be such a blessing to many African Americans. Including myself! Will be following this! Thanks to both Will & Jay-Z. Bless you both! Be Bless God Bless ?? & Stay Bless ❤️
I would appreciate the opportunity to be a part of this team in te compacty of counseling participants in helping improving credit scores and preparation leading to home ownership.
Want to know more about this program and becoming a FRIST time homeowners
HELLO I AM CHARLOTTE MCDUFFIE I WOULD LOVE TO LEARN MORE ABIUT THIS PROGRAM I HAVE ALWAYS DREAMED OF BECOMING A HOME OWNER YES I AM A BLACK LOW INCOME RENTER. AND I LIVE IN OAKLAND CALIFORNIA IT IS A BEAUTIFUL THING THE IDEA OF YOU TWO BROTHERS WANTING TO HELP. THE UNDER PREVILEDGE PEOPLE, WHEATHER YOU CAN HELP ME OR NOT IT STILL IS A BEAUTIFUL THING
THANK BOTH OF YOU SO VERY MUCH THANK YOU AND MAY GOD CONTINUE TO BLESS YOU BOTH.❤
Hello, I’m Stella Price a 69yr old female who will be moving from a house we lived in for 15yrs. My daughter who is 39 yrs old and disable. Please tell me more about the program.Thanks
I really want that help too but am from Africa …
Please Jay Z and Smith Help me too ? I will really appreciate
I pray for a blessing and get approved. Survival mode all my life. I need a break.
Thanks to JayZ n Will giving such a opportunity that one needs
Stay blessed y’all n good luck
hello i pray that i hear back from you guys i am from Meridian, Ms i am in need of help. I have been trying to buy a home for a long time but my finances seem to get in the way of doing so. Me and my husband are praying for a blessing with only one income its very hard to maintain the bills each month.