In case you missed last week’s episode of Oprah featuring music star Will.i.am, here’s a recap. The Black Eyed Peas member announced the launch of a new program he’s behind that’s helping people facing foreclosure. It’s called the i.am home fund and Will.i.am hopes it will keep people impacted by the recession from losing their homes. On the organization’s website, Will.i.am says, “Growing up I dreamt that one day I’d be able to buy my mom a house and take care of my family. I realized that dream and experienced the positive effect giving back had on my family. Now I am compelled to help others who are in jeopardy of losing their homes and inspire others to join the movement. The collapse of the housing market and the economic crisis has left millions in jeopardy of losing their homes. The crisis awakened a personal mission to create the i.am home fund to save people facing the very real problem of foreclosure and homelessness.”
On the recent episode of Oprah, Will.i.am surprised two families on the verge of losing their homes. The families owed $350,000 on their mortgages and because of job loss and financial problems, weren’t able to make payments. Will.i.am announced that his new organization would be paying off the families’ homes completely so they would no longer have to worry about mortgage payments. “I don’t dream of being mega, crazy rich,” Will.i.am told Oprah. “I just wanna be able to create, make music and help people. Doing this isn’t gonna leave a dent in my house, but it could help somebody that really needs it. It’s something that means a lot to me.”
Although the organization’s website doesn’t share much about how the money is allocated or how families are chosen, it does give opportunities for people to make secure donations. And according to the show, he’ll be putting up some of his own money to help families facing foreclosure.
Tags: foreclosure, Music, Oprah, Black Eyed Peas, Will.i.am
Related Articles
- Toni Braxton In Major Debt Recording artist Toni Braxton is in major financial trouble, according to the Wall Street Journal. Braxton filed bankruptcy a decade ago after a dispute over her recording contract. And now
- North Carolina Credit Card Debt Ranks High A city in North Carolina holds the honor of having the highest percentage of credit card debt in the country, according to Equifax. Credit card debt amounts to more than
- Study Shows Americans Saving Less Money For Emergencies And Retirement A study shows that lots of Americans-- especially those with lower incomes-- aren't saving as much for emergencies or for retirement. Fewer Americans have a specific plan when it comes
- Sixteen Percent Of Americans Carry Expensive Debt A new study found that those with credit card, payday loan or other high-cost consumer debt are more likely to have trouble saving. The study also found that about 16%
- Debt Relief Can Start At The Grocery Store Energy costs create a great deal of the expenses that Americans deal with on an annual basis. However, when the term is used, most people think of things like their