Saturday, October 20, 2018 || By Community Editor || @maywoodnews
Featured image: The boyhood home of Fred Hampton, located at 805 S. 17th Ave. in Maywood. | Fred Hampton Jr.
Community leaders are planning a block party at Irving Middle School, 805 S. 17th Ave. in Maywood, on Sunday, Oct. 21, 11 a.m. to 5 p.m., in order to help raise funds to save the childhood home of the late Black Panther Party leader Fred Hampton.
Hampton’s son, Fred Hampton, Jr., who is the chairman of the Black Panther Party Cubs, and elected officials like Congressman Danny K. Davis and Maywood Mayor Edwenna Perkins, among other community leaders, have rallied over the last few weeks to save the home from an Oct. 23 foreclosure auction.
According to the Judicial Sales Corporation, the amount owed on the home is around $70,959, but the outstanding balance could be higher, the Chicago Sun-Times recently reported.
According to the Sun-Times, “records shows Fred Hampton Sr.’s parents, Iberia and Francis, took out a $265,000 loan on the house in 2007 with an adjustable rate up to 15.8 percent issued by First Franklin Financial Corp., a mortgage lender that specialized in subprime loans.”
A close friend of the Hampton family said that a meeting will take place after the Sunday block party, at 6 p.m., in order to tally the amount raised.
So far, around $10,000 has been raised from two GoFundMe campaigns (see here and here). Supporters are looking to raise at least around $70,000. For more information and to help, call (773) 256-9451. VFP
For more local news, ‘Like’ our Facebook page