Real Estate

Apple to give $2.5 billion for affordable housing in Silicon Valley

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Apple CEO Tim Cook speaks during Apple’s annual Worldwide Developers Conference in San Jose, California, June 3, 2019.

Mason Trinca | Reuters

Apple said Monday it will contribute $2.5 billion to try and alleviate California’s housing crisis, raising the bar for tech companies to commit to the communities in which they reside.

“Before the world knew the name Silicon Valley, and long before we carried technology in our pockets, Apple called this region home, and we feel a profound civic responsibility to ensure it remains a vibrant place where people can live, have a family and contribute to the community,” said Tim Cook, Apple’s CEO in a blog post Monday. “Affordable housing means stability…



Source cnbc.com

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