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ADVISORY/New Jersey Nets and Fannie Mae Foundation's 'Home Team' Begin Rehabilitation Work On Newark Home.


News/Assignment Editors

ADVISORY...for Thursday Thursday: see week.  (April 5)

--(BUSINESS WIRE)

 --Nets Player Stephon Marbury and Teammates to Lead Demolition, and

         "Break Down" the Walls to Affordable Homeownership--

WHO:    Nets Player and Home Team Spokesperson Stephon Marbury
        Nets Players Stephen Jackson, Aaron Williams, and Soumaila
        Samake
        Volunteers from the Nets Front Office, the Fannie Mae
        Foundation, and La Casa de Don Pedro

WHAT:   New Jersey's "Home Team," is a partnership between the New
        Jersey Nets and the Fannie Mae Foundation to revitalize homes
        for low- and moderate-income families.  The Home Team will
        join La Casa de Don Pedro, a Newark-based housing non-profit,
        to begin demolition work and haul debris from a single-family
        home being rehabilitated.

        La Casa de Don Pedro is managing the workday and overseeing
        the rehabilitation of six homes throughout Newark through a
        $150,000 grant from the Fannie Mae Foundation.

        The Home Team program, in its eighth year, is a partnership
        between the Fannie Mae Foundation and 12 National Basketball
        Association teams with the goal of revitalizing local
        neighborhoods and providing free home-buying information to
        help more Americans achieve the dream of homeownership.

WHEN:   Thursday, April 5
        2:00pm-5:00pm

----------------------------------------------------------------------
               Photo-Op with Players from 3:30 to 4:30
----------------------------------------------------------------------

WHERE:  95 Mount Prospect
        Newark, NJ


The Fannie Mae Fannie Mae: see Federal National Mortgage Association.  Foundation creates affordable homeownership and housing opportunities through innovative partnerships that build healthy, vibrant communities across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. .

Headquartered in Washington Washington, town, England
Washington, town (1991 pop. 48,856), Sunderland metropolitan district, NE England. Washington was designated one of the new towns in 1964 to alleviate overpopulation in the Tyneside-Wearside area.
, D.C., the Foundation is a private, nonprofit organization Nonprofit Organization

An association that is given tax-free status. Donations to a non-profit organization are often tax deductible as well.

Notes:
Examples of non-profit organizations are charities, hospitals and schools.
 whose sole source of support is Fannie Mae and has regional offices in Atlanta Atlanta (ətlăn`tə, ăt–), city (1990 pop. 394,017), state capital and seat of Fulton co., NW Ga., on the Chattahoochee R. and Peachtree Creek, near the Appalachian foothills; inc. 1847. , Chicago Chicago, city, United States
Chicago (shĭkä`gō, shĭkô`gō), city (1990 pop. 2,783,726), seat of Cook co., NE Ill., on Lake Michigan; inc. 1837.
, Dallas, Pasadena and Philadelphia.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 3, 2001
Words:260
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