This marks a significant phase in Apple's ongoing effort to address the California housing crisis, which has seen many residents unable to afford living in the communities they grew up in.
APPLE'S $2.5 BILLION AFFORDABLE HOMES INITIATIVE
In 2019, Apple committed $2.5 billion to a comprehensive plan designed to tackle the housing crisis. With soaring costs for renters and potential homebuyers, affordable housing hasn't kept pace with the region's growth.
Essential community members like teachers, firefighters, first responders, and service workers are increasingly forced to leave their long-time communities due to unaffordable housing prices.
BAY AREA HOUSING INNOVATION FUND
Out of the $2.5 billion commitment, Apple allocated $150 million to a housing fund specifically for the Bay Area. Details for the first $50 million investment from this fund have now been unveiled.
Apple is collaborating with the San Francisco Housing Accelerator Fund, Sobrato Philanthropies, and Destination: Home― organizations experienced in affordable housing development-to launch the Bay Area Housing Innovation Fund.
This initiative will provide targeted, favorable loans to advance affordable housing projects.
With an initial $50 million investment, the fund will support four projects in the greater San Francisco Bay Area, creating over 400 homes within the next two years. The scheme will utilize proven methods to overcome common barriers in affordable housing development.
هذه القصة مأخوذة من طبعة old July 19, 2024 من AppleMagazine.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة old July 19, 2024 من AppleMagazine.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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FORD, FACING ECONOMIC HEADWINDS AND WEAK EV SALES, TO CUT 4,000 JOBS IN EUROPE
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SPIRIT AIRLINES FILED FOR BANKRUPTCY. WHAT DOES THAT MEAN FOR TRAVELERS?
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MEET THE WORKOUT GROUP THAT GETS PEOPLE EXERCISING OUTDOORS, EVEN IN THE DEAD OF WINTER
The sun had yet to come up in Edmonton, Alberta, and it was more than 20 degrees below zero. Tanis Smith layered up anyway, ready to run up and down hundreds of stairs among the trees in the Saskatchewan River Valley.
ABOUT 20% OF AMERICANS REGULARLY GET THEIR NEWS FROM INFLUENCERS ON SOCIAL MEDIA, REPORT SAYS
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COMCAST TO SPIN OFF CABLE NETWORKS, ONCE STAR PERFORMERS FOR THE ENTERTAINMENT GIANT
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NEW PENTAGON REPORT ON UFOS INCLUDES HUNDREDS OF NEW INCIDENTS BUT NO EVIDENCE OF ALIENS
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AMAZON AND ELON MUSK'S SPACEX CHALLENGE LABOR AGENCY'S CONSTITUTIONALITY IN FEDERAL COURT
Attorneys for Amazon and Elon Musk’s SpaceX argued in a federal appeals court Monday that the National Labor Relations Board’s structure is unconstitutional, advancing a legal fight that may last into the Trump administration where Musk is expected to oversee bureaucratic cost-cutting.
FORGET DRIVERLESS CARS.ONE COMPANY WANTS AUTONOMOUS HELICOPTERS TO SPRAY CROPS AND FIGHT FIRES
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DELTA CEO SAYS THE TRUMP ADMINISTRATION WILL REVERSE GOVERNMENT OVERREACH' SEEN UNDER BIDEN
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