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BUCKS JOIN FORCES WITH FANNIE MAE IN NBA HOME TEAM PROGRAM
Published September 28, 1994
At a press conference this morning, the Bucks are announcing a joint program with Fannie Mae to foster neighborhood revitalization and increase home ownership in Milwaukee. The partnership will involve Bucks players and employees in consumer education efforts aimed at promoting home ownership, as well as the actual construction and rehabilitation of homes. John Steinmiller, Bucks VP of Business Operations: "This partnership with Fannie Mae gives the Bucks another way to show our deep commitment to the community that provides us with so much support. We look forward to meeting our ambitious goals to improve neighborhoods and increase housing opportunities in Milwaukee." Franklin Raines, Fannie Mae Vice Chair: "The Bucks and Fannie Mae are committed to addressing the housing needs of Milwaukee. We are pleased to join forces to create a 'home team' that will foster neighborhood renewal and home ownership opportunities for low- and moderate-income families in Milwaukee." The first phase of the partnership includes rehabilitation of two homes for low- and very low-income families in Milwaukee's Metcalfe Park neighborhood, as well as a bilingual multi-media consumer awareness campaign that kicks-off Oct. 24. The entire project will be managed by the Milwaukee Housing Assistance Corporation, and funded with an $80,000 grant from the Fannie Mae Foundation and additional money raised by the Bucks (THE DAILY). NBA PUSHING "HOME TEAM" CONCEPT: Fannie Mae/NBA franchise partnerships to increase inner-city home ownership began during the '93-94 season in Cleveland, Oakland, and San Antonio. In Cleveland, the Cavaliers renovated three inner-city homes; in San Antonio, the Spurs helped draw 2,500 people to a home-buying information fair for first-time buyers, low- and moderate-income families, and minority families. During '94-95, the program is being expanded to include Milwaukee, Boston, Charlotte, Portland, and Washington, DC (THE DAILY).