San Francisco is home to the tech elite, and is one of the most expensive places to live in the world, thanks to scores of tech firms moving in over the past couple of decades. Now, Google wants to make it a little more affordable.
The internet giant said it will help build 20,000 homes in the Bay Area over the next ten years by pledging $1 billion toward the goal. To that effect, The company will repurpose at least $750 million worth of the land it already owns in the Bay Area for residential housing.
“We hope this plays a role in addressing the chronic shortage of affordable housing options for long-time middle and low income residents,” CEO Sundar Pichai wrote in a blog post announcing the development.
In addition, Google.org, the company’s philanthropic division, will give $50 million in grants to nonprofits focused on homelessness and displacement.
The city is teeming with startups, educated young minds, and…
https://thenextweb.com/google/2019/06/19/google-wants-to-be-a-good-neighbor-by-pledging-1b-to-bay-area-housing/