Google Has Pledged $1 Billion to the Bay Area Housing Crisis
By kmvq on June 19, 2019
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.
Google started in the SF Bay Area, and we know our responsibility to help starts at home: we’re making a $1B investment to enable the development of 20K new homes in the region at all income levels, including affordable housing options in the next 10 years https://t.co/vVEYOFIUm5
— Sundar Pichai (@sundarpichai) June 18, 2019
GOOGLE PROTEST: Hundreds of Google contractors are protesting its parent company Alphabet's labor practices while the annual shareholder meetings take place pic.twitter.com/O8vfqYbLIi
— Bloomberg QuickTake (@QuickTake) June 19, 2019
