Apple Inc. launches a housing fund to support the construction of affordable housing in the Bay Area

Zhitong
2024.07.17 22:31

Apple announced on July 17 that it is collaborating with experts in the affordable housing development field, including the San Francisco Housing Accelerator Fund, Sobrato Charitable Foundation, and Destination: Home, to launch a new Bay Area Housing Innovation Fund. This fund will provide targeted discounted loans to promote the development of affordable housing, as part of Apple's $2.5 billion commitment aimed at addressing housing affordability issues in various California communities. The initial investment for the Bay Area Housing Innovation Fund is $50 million, which will support four projects in the San Francisco Bay Area, building over 400 housing units in the next two years

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