Apple Pledges $2.5 Billion to Combat Affordable Housing Crisis
The Tech giant will focus on new Housing, first-time home buyer, and the homeless in California.
Apple will help accelerate and expand housing production, jump-start long-term developments, aid first-time buyers purchase homes, and support housing and programs to reduce homelessness. The company will provide funding for projects in Silicon Valley and the San Francisco Bay Area as well as commit a significant investment for statewide support, including:
A statewide $1 billion affordable housing investment fund.