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Apple pledges $2.5 billion to fight California housing crisis
by Stephen Nellis

Reuters    Translate This Article
4 November 2019

On 4 November 2019 Reuters reported: Apple Inc on Monday [4 November] said it would commit $2.5 billion to easing a housing shortage that has driven up prices across California, with most of the money dedicated to funds that will be run either with or by the state government. Global Good News service views this news as a sign of rising positivity in the field of business, documenting the growth of life-supporting, evolutionary trends.

One billion dollars will go to a jointly run fund with state officials aimed at jumpstarting delayed or stalled affordable housing projects. Another $1 billion will go to a state-run fund to provide first-time home buyer financial assistance to teachers, nurses and first responders such as police and firefighters, among others.

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