“Freddie Macâ€™s Hoops for the Homeless basketball tournament — headlined by basketball legend Earvin â€œMagicâ€ Johnson — raised $600,000 for six local homeless nonprofits over the weekend.
The day-long tournament, held at theÂ Verizon CenterÂ on Sept. 13, was coached byÂ Washington Wizardsâ€™ Gilbert Arenas, formerÂ Washington RedskinsÂ players Tyronne Drakeford, Reggie Evans and Brig Owens and former Washington Senator Chuck Hinton.
â€œGiven the economic times, families are even more stressed this year, making Hoops for the Homeless even more important. With the funds weâ€™ve raised and the support of nonprofits throughout our region, we will continue to help more families move out of shelters and into homes,â€ said Ralph Boyd, executive vice president, community relations, Freddie Mac.
Nearly 12,000 individuals are homeless in the D.C. area, and close to half of those are families.
Last year,Â Freddie Mac FoundationÂ — which is separate from the corporation — gave $25.2 million in local contributions. Freddie Mac has been giving $348 million since 1991.”