Corporate Funding for Local Housing Crisis

Which corporation is committing funds for housing? Apple

How is Apple helping housing?

• committed over $400 million to housing programs
• pledged a total funding of $2.5 billion
  • $1 billion California affordable housing fund
  • $1 billion for home buyer assistance
  • using land valued at $300 million for affordable housing
  • $150 million committed to Housing Trust Silicon Valley
  • $50 million to Destination: Home
• fund over 1,250 new Bay Area affordable housing units
• + aid thousands of first-time California home buyers

Is Apple the only tech company stepping into housing? no, Google and Facebook are each allocating $1 billion to housing, including funding affordable units.

Will tech companies partner to reach these housing goals? Yes, Apple is partnering with nonprofit Housing Trust Silicon Valley

San Francisco Chronicle | Apple commits over $400 million of $2.5 billion California housing pledge