Photo By: Nicolas Ortega
Written By: Margaret O’Mara
Can Big Tech solve the housing crisis? That’s the hope behind recent announcements by Apple, Facebook and Google, which together total $4.5 billion in grants and loans to remedy the affordable-housing crunch in California and the Bay Area. Microsoft last year pledged $500 million to relieve Seattle’s similarly stressed market. While Amazon’s opposition torpedoed Seattle’s attempt in 2018 to raise revenue for homelessness services, the company has embarked on a range of philanthropic housing ventures, including turning over a large chunk of one of its office buildings for use as a shelter for homeless families.