Google Announces 10-Year, $1 Billion Bay Area Housing Plan
10-Year, $1 Billion
Bay Area Housing Plan Announced by Google CEO
Sundar Pichai, the company
plan will add thousands of
new homes to the area.
Three fourths of the
$1 billion investment
will be used to re-purpose
real estate already owned by Google.
On the property,
15,000 new homes will
be built "at all income levels." According to Pichai's blog post,
the remaining $250 million will "provide
incentives to enable developers to build at least
5,000 affordable housing units across the market." Google also committed
to donating more to
The company has
pledged to give
$50 million this year alone.