Powered by

Facebook s big pledge: $1 billion for housing; A big deal :

Oct 23, 2019 - The San Francisco Chronicle

Facebook says it will invest $1 billion over the next decade to help fund 20,000 new homes in California, becoming the latest big employer to ramp up its financial commitment amid a crippling housing shortage.

Facebook's plans follow a similar, unrelated $1 billion plan from Google that includes subsidies and land for market-rate and affordable homes. Other large Bay Area companies like Kaiser Permanente and Wells Fargo have also committed millions for housing as their employees struggle t...