Original title: after Google and Facebook, apple donated 2.5 billion US dollars to help young people buy houses
Four seas network news: according to the verge report, apple recently announced that it would donate 2.5 billion US dollars to deal with the housing crisis in California, and became the company among the US technology giants that promised to invest the most money to help local construction of affordable housing.
Apple is headquartered in Cupertino, on the outskirts of San Jose, less than an hour from San Francisco. It has more than 130000 employees, many of whom are highly paid, which directly or indirectly leads to the lack of affordable housing in Northern California.
According to CEO cook, affordable housing means stability, dignity, opportunity and pride. When these things are hard for most people to be timely, we need to understand that the current path is unsustainable, and Apple will be committed to participating in problem solving.
This time, apple promised to donate 2.5 billion US dollars, including US $1 billion housing investment fund, US $1 billion first-time home buyer loan assistance fund, US $300 million worth of land for building affordable housing, US $150 million bay area housing fund, etc.
It's worth mentioning that before Apple, Facebook and Google also promised to provide $1 billion to solve the housing crisis in California. Microsoft, based outside Seattle, said in January it would spend $500 million to help ease similar housing problems in the city's metropolitan area. Amazon has become the leading technology company in the United States that has yet to commit a lot of money to it, but it donated $8 million last summer to non-profit organizations that provide housing for the homeless.