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

Credit: Wibbitz Top Stories
Published on June 19, 2019 - Duration: 01:00s

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

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 will be built "at all income levels." According to Pichai's blog post, the remaining $250 million will "provide incentives to enable developers to build at least 5,000 affordable housing units across the market." Google also committed to donating more to non-profits engaged with homelessness.

The company has pledged to give $50 million this year alone.

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