Breaking News

Transcend's New ESD420 Portable SSD Offers MagSafe Compatibility and Pro-Level Performance G.SKILL Trident Z5 DDR5 Memory and WigiDash Receives European Hardware Awards 2025 Silicon Power Launches WP10 Magnetic Wireless Power Bank Razer Unveils the Ultra-Lightweight DeathAdder V4 Pro Sony launches a high-resolution shotgun microphone with superior sound quality and compact design.

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Facebook Commits $1 Billion to Address Housing Affordability in the Bay Area

Facebook Commits $1 Billion to Address Housing Affordability in the Bay Area

Enterprise & IT Oct 22,2019 0

Facebook is following other tech giants like Microsoft and Google, pledging to spend $1 billion to help address the affordable housing crisis in California.

Facebook's investment will go toward creating up to 20,000 new housing units over the next decade, to help essential workers such as teachers, nurses and first responders live closer to the communities that rely on them. Facebook has also partnered with California Governor Gavin Newsom and the State of California to help accelerate progress on this issue.

In San Francisco, a family of four making over $100,000 per year is considered low-income. The issue of affordable housing affects people across middle-class and low-income families alike. In 2016, Facebook partnered with community groups and local governments to establish the $75 million Catalyst Housing Fund to address housing issues near the company's Menlo Park headquarters, and earlier this year, Facebook helped found the $500 million Partnership for the Bay’s Future that aims to protect, produce and preserve 175,000 homes for all in the Bay Area.

Facebook will invest $250 million to a partnership with the State of California for mixed-income housing on excess state-owned land in communities where housing is scarce.

The company will use $150 million for production of affordable housing, including housing for the homeless, in the San Francisco Bay Area.

Tags: facebook
Previous Post
Google Fi’s Dual Connect Technology Offer Better Coverage
Next Post
Samsung Unveils New 5G NR Integrated Radio Supporting 28GHz, 5G RFIC Chip at MWC LA 2019

Related Posts

  • EU Privacy Watchdog Accused of Delaying Probe Procedures Against Facebook

  • Zuckerberg Says Remote Work is Here to Stay

  • Facebook to Launch New Shopping Feature Across Apps

  • EU Tech Chief Demands More From Facebook Regarding Business Practices

  • Facebook Buys GIPHY as Part of Instagram Team

  • Facebook Works With Telecoms on 2Africa Subsea Cable for Future Internet Connectivity

  • Facebook Reports Increased Number of Removals of Hate speech, Terrorism

  • Facebook Users Accept $550 Million Privacy Deal Over Facebook's “Tag Suggestions”

Latest News

Transcend's New ESD420 Portable SSD Offers MagSafe Compatibility and Pro-Level Performance
PC components

Transcend's New ESD420 Portable SSD Offers MagSafe Compatibility and Pro-Level Performance

G.SKILL Trident Z5 DDR5 Memory and WigiDash Receives European Hardware Awards 2025
Enterprise & IT

G.SKILL Trident Z5 DDR5 Memory and WigiDash Receives European Hardware Awards 2025

Silicon Power Launches WP10 Magnetic Wireless Power Bank
Consumer Electronics

Silicon Power Launches WP10 Magnetic Wireless Power Bank

Razer Unveils the Ultra-Lightweight DeathAdder V4 Pro
PC components

Razer Unveils the Ultra-Lightweight DeathAdder V4 Pro

Sony launches a high-resolution shotgun microphone with superior sound quality and compact design.
Cameras

Sony launches a high-resolution shotgun microphone with superior sound quality and compact design.

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Noctua NH-D15 G2

Noctua NH-D15 G2

Soundpeats Pop Clip

Soundpeats Pop Clip

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

Crucial T705 2TB NVME White

Crucial T705 2TB NVME White

be quiet! Pure Base 501

be quiet! Pure Base 501

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed