Google Has Pledged $1 Billion to the Bay Area Housing Crisis

By kmvq on June 19, 2019
Google Workers Hold Sit In To Protest Retaliation After Google Walkout Protest
MOUNTAIN VIEW, CA – MAY 01: People ride bikes past signage on the Google campus as Google workers inside hold a sit-in to protest sexual harassment at the company, on May 1, 2019 in Mountain View, California. (Photo by Michael Short/Getty Images)

Google pledged $1 billion to help fight the housing crisis in the Bay Area!

On Tuesday, Google announced what they will be doing for the community. According to CNN, it will repurpose at least $750 million of the land for residential housing over the next 10 years. “We hope this plays a role in addressing the chronic shortage of affordable housing options for long-time middle and low income residents,” Google CEO Sundar Pichai writes. Google will create a $250 million investment fund to incentivize developers to build at least 5,000 affordable housing units. In addition, it will give an additional $50 million in grants to nonprofits focused on homelessness and displacement.


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