Tech giant Apple has announced its plans of a 2.5-billion-dollar initiative aimed at reducing homelessness and tackling the housing and affordability crisis in California, United States.
The multinational company’s plans include expanding housing production and development, helping first-time buyers purchase homes, and supporting programs that reduce homelessness and help vulnerable low-income populations in the San Francisco Bay Area.
“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,” says Apple CEO Tim Cook. “Affordable housing means stability and dignity, opportunity and pride. When these things fall out of reach for too many, we know the course we are on is unsustainable, and Apple is committed to being part of the solution.”
