【】

Faced with ever-increasing housing prices, people are leaving San Francisco and the Bay Area, and Apple, whose corporate home is in Cupertino, California, wants to do something about it.
On Monday, the company announced a $2.5 billion plan to alleviate the issue by investing in affordable housing and helping Californians — especially first-time home buyers and low-income families — buy a home.
“Affordable housing means stability and dignity, opportunity and pride. When these things fall out of reach for too many, we know the course we are on is unsustainable, and Apple is committed to being part of the solution," Tim Cook said in a statement.
The $2.5 billion plan includes a $1 billion affordable housing investment fund, which will provide the state of California and other entities with an "open line of credit to develop and build additional new, very low- to moderate-income housing faster and at a lower cost."

Another $1 billion will go towards a first-time homebuyer mortgage assistance fund, which should help homeowners with financing, with a focus on increasing access to first-time homeownership for "essential service personnel, school employees and veterans."
Additionally, Apple will commit $300 million towards building affordable housing in Apple-owned and available land, a $150 million towards a Bay Area housing fund, and $50 million towards supporting vulnerable populations.
SEE ALSO:Apple's iPhone SE 2 will come in late March, analyst claimsApple says the funding commitment will take roughly two years to be fully utilized, and capital returned to Apple will be reinvested in future projects over the next five years. Furthermore, the company says it will keep looking for ways to support local communities and affordable housing efforts.
Apple’s scheme follows a similar plan by Google, which pledged $1 billion in June 2019 to fight the Bay Area housing crisis, mainly by repurposing Google-owned land for residential housing.
TopicsApple
相关文章
This German startup wants to be your bank (without being a bank)
BERLIN -- “That is f*cking clever,” said Ben Floyd, 33, as we sat in a trendy cafe in Be2025-04-04- 深度:利物浦緣何總被灌 克洛普改一思路方可爭冠_賽季www.ty42.com 日期:2021-11-10 07:31:00| 評論(已有312522條評論)2025-04-04
- 阿曼主帥 :中國隊積分和實力不匹配 我們目標是戰勝所有對手_比賽www.ty42.com 日期:2021-11-10 23:01:00| 評論(已有312698條評論)2025-04-04
- 國足踩場提前一天重點演練定位球 中阿之戰披主場紅袍_中國隊www.ty42.com 日期:2021-11-10 11:31:00| 評論(已有312605條評論)2025-04-04
Tesla's rumored P100D could make Ludicrous mode even more Ludicrous
A Tesla Model S P100D begs the question: What's more Ludicrous than Ludicrous?Right now, the biggest2025-04-04- 武磊回歸國足參加球隊合練 李鐵已確定主力陣容_訓練www.ty42.com 日期:2021-11-10 08:01:00| 評論(已有312535條評論)2025-04-04
最新评论