Google commits $1 billion to ease housing crisis in the Bay Area

Google commits $1 billion to ease housing crisis in the Bay Area

Google announced on Tuesday it would set aside $750 million in land and $250 million in financing to spur developers in the San Francisco Bay Area to build at least 20,000 homes. Google has been the target of local activists who for several years have said the company’s growth and high salaries have contributed to rising rents and housing shortages.

KCooper
KCooper
Adam Quinn
Adam Quinn 7 months

thats not how that works theyre making the area a billion dollars more expensive

Rudy Concepcion
Rudy Concepcion 7 months

Google: “See, we’re not so bad! Please please please don’t regulate us!”

Roadhog
Roadhog 7 months

Who knew the solution is to build more housing? Though is Google politically connected enough to get through the bureaucratic gauntlet? I'm going to laugh if this project gets indefinitely stalled in environmental impact review.

david dindu
david dindu 7 months

a billion dollars worth of tents?

James Villalobos
James Villalobos 7 months

Take away housing subsidies for low-income housing. Landlords will build massive low income buildings, the poor will rent what they can afford rather than what the government affords them, and supply will be larger for those in the lower-middle class.

Got Truth
Got Truth 7 months

Does Google think that they are some form of government? I would argue that they are. Dictatorship government that is.

SimonR
SimonR 7 months

Why?

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