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Google invests $1 billion to ease housing shortage near California headquarters

IndiaVision Wednesday, 19 June 2019
Alphabet Inc’s Google announced on Tuesday it would set aside $750 million in land and $250 million in financing to spur developers in the San Francisco Bay Area to build at least 20,000 homes and rehabilitate other housing over the next decade. Google, which told Reuters it has 45,000 employees in the region, has been the target of local activists who for several years have said the company’s growth and high salaries have contributed to rising rents and housing shortages. They have called on Google and other Silicon Valley tech companies to invest in affordable housing and rethink expansions. Google said housing had reached a “crisis point” in the Bay […]

Google invests $1 billion to ease housing shortage near California headquarters
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News video: Google Announces 10-Year, $1 Billion Bay Area Housing Plan

Google Announces 10-Year, $1 Billion Bay Area Housing Plan 01:00

Google Announces 10-Year, $1 Billion Bay Area Housing Plan Announced by Google CEO Sundar Pichai, the company plan will add thousands of new homes to the area. Three fourths of the $1 billion investment will be used to re-purpose real estate already owned by Google. On the property, 15,000 new homes...

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