Basketball stars Magic Johnson and Gilbert Arenas along with several of his teammates teamed up with Freddie Mac for their Hoops for the Homeless Tournament at the Verizon Center in Washington, DC. The Hoops for the Homeless Tournament is held in an effort to raise money for the cause of reducing family homelessness in the DC area. The $600,000 that was raised at this year’s event will go to six local nonprofit organizations that provide support services to homeless families.

“Homelessness is a firsthand experience for me,” Arenas said. “I want children to grow up in a safe and happy environment and I want all families to be able to overcome hardships and get back on their feet and into a home of their own, much like my father did for me. Freddie Mac’s Hoops for the Homeless is a wonderful event, and I am excited to be back again this year to help fight family homelessness.“

“I am thrilled to be back again this year to support Freddie Mac’s Hoops for the Homeless,” Magic said. “As someone who is deeply committed to helping create brighter futures for children and families, I am especially proud to be part of this important and needed event.”

Local companies and organizations that also supported the cause by sponsoring the event included The Washington Post, JP Morgan, Fannie Mae, NBC4, CBS Radio, and Wells Fargo.