"Long before we carried technology in our pockets, Apple called this region home, and we feel a profound civic responsibility to ensure it remains a vibrant place where people can live," says CEO Tim Cook.
It said its initiative was designed to help address the "housing availability and affordability crisis" in partnership with Gov. Gavin Newsom, the state and community-based organizations. "Apple is providing a significant investment that offers statewide housing support, as well as funding for projects in Silicon Valley and the Bay Area," it said.
Apple in its announcement highlighted that costs are skyrocketing for renters and potential homebuyers alike, meaning that "community members like teachers, firefighters, first responders and service workers are increasingly having to make the difficult choice to leave behind the community they have long called home." It cited data showing that nearly 30,000 people left San Francisco between April and June of this year, and homeownership in the Bay Area is at a seven-year low.
Bwahaha. Yeah, because more money will fix a failure of leadership. What a joke.
Might want to commit to those fires first
Paying their far share of taxes might help.
That should cover two, maybe three, houses in California. Nice.
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Apple commits $2.5 billion toward building affordability housing in San Francisco areaApple Inc. said Monday it has committed $2.5 billion to help combat what the technology giant called the "housing availability and affordability crisis" in California, as nearly 30,000 people left San Francisco between April and June and homeownership in the Bay Area is at a 7-year low. Apple said it has committed $1 billion to an affordable housing investment fund, to provide the state and other with a line of credit to develop new very low- to moderate-income housing; $1 billion for a first-time homebuyer mortgage assistance fund, to provide first-time buyers with financing and downpayment assistance; $300 million Apple-owned land in San Jose will be made available to develop affordable housing. The company will also provide $200 million to support lower-income housing in the Bay Area. The stock, which rose 0.6% in premarket trading, has rallied 25.4% over the past three months while the Dow Jones Industrial Average has gained 3.3%. So...two buildings. Is it toward or towards? Forward or forwards? Amidst or amongst? Sorry, I’ll go quietly now. why not just pay taxes
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