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Google plans to invest $1 billion in San Francisco Bay Area housing, including thousands of homes on its land, according to a company announcement Tuesday.
Over the next 10 years, the tech giant plans to “repurpose at least $750 million” of its land into residential housing. Doing so will mean it can help develop at least 15,000 all-income-level homes in the Bay Area in an effort to “address the chronic shortage of affordable housing options,” the announcement read.
Months - Google - Commitment - Region - Housing
“For several months, we have encouraged Google to make a bold commitment to address our region’s affordable housing challenge,” said San Jose Mayor Sam Liccardo, according to CNBC.
“We look forward to working with Google to ensure today’s announcement manifests into housing that...
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