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The tech industry exacerbated the housing crisis. Here’s what Google is doing to fix it

27/07/2020

A year ago, Google pledged $1 billion to address the Bay Area housing crisis the tech boom helped cause. How much affordable housing does that build? A year after Google pledged to invest $1 billion toward tackling the housing crisis that the tech industry helped exacerbate in Silicon Valley, the company now expects...
A year ago, Google pledged $1 billion to address the Bay Area housing crisis the tech boom helped cause. How much affordable housing does that build? A year after Google pledged to invest $1 billion toward tackling the housing crisis that the tech industry helped exacerbate in Silicon Valley, the company now expects to help fund more affordable housing than it originally anticipated. While it will still be a fraction of the homes needed in the area, it’s an example of how corporate funding—like the $2.5 billion that Apple has pledged for affordable housing, or the $1 billion pledged by Facebook, or the $500 million committed by Microsoft in Seattle—can be part of the solution to this problem.Read Full Story A year ago, Google pledged $1 billion to address the Bay Area housing crisis the tech boom helped cause. How much affordable housing does that build? A year after Google pledged to invest $1 billion toward tackling the housing crisis that the tech industry helped exacerbate in Silicon Valley, the company now expects to help fund more affordable housing than it originally anticipated. While it will still be a fraction of the homes needed in the area, it’s an example of how corporate funding—like the $2.5 billion that Apple has pledged for affordable housing, or the $1 billion pledged by Facebook, or the $500 million committed by Microsoft in Seattle—can be part of the solution to this problem.Read Full Story
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