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this image is quoting of "theguardian" site
- Facebook has agreed to invest $20m in affordable housing initiatives after facing intense criticism for failing to help low-income residents in Silicon Valley where the technology boom has exacerbated displacement and gentrification.The corporation, which is pushing forward with a massive campus expansion in northern California, announced on Friday a partnership with community organizations aimed at funding affordable housing construction and assisting tenants facing eviction.Housing activists who have long been critical of Facebook and its role in accelerating income inequality in the region said the investment marked an "unprecedented" collaboration between Silicon Valley corporations and advocacy groups and that the project could push neighboring tech companies to better address local poverty.
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this image is quoting of "mercurynews" site
- Facebook, like other Silicon Valley tech firms, has a complicated relationship with low-income residents who fear job growth sparked by the tech industry is driving up housing prices and rents.Now, the Menlo Park tech firm wants to friend some of its most vocal critics by committing $20 million over five years for affordable housing, job training and assistance for tenants at risk of losing their homes.The unusual contribution is the largest it has committed to alleviate the housing crisis, a problem that has long pitted the tech elite against the region's poorest residents.
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this image is quoting of "cnet" site
- Photo by Christopher Furlong/GettyIf you know anything about housing in the San Francisco Bay Area, you know it's crazy expensive.Single-family homes in Google and Apple's backyard that 40 years ago cost $30,000 now go for close to $1 million.Facebook, which is located smack dab of Silicon Valley's housing mess, wants to do its part.
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follow the latest progress in facebook "theguardian" site most famous technicals "Sam Levin" by 2016-12-03 at 1:31
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Facebook plans to invest $20m in affordable housing projects
this image is quoting of "theguardian" site
- Facebook has agreed to invest $20m in affordable housing initiatives after facing intense criticism for failing to help low-income residents in Silicon Valley where the technology boom has exacerbated displacement and gentrification.The corporation, which is pushing forward with a massive campus expansion in northern California, announced on Friday a partnership with community organizations aimed at funding affordable housing construction and assisting tenants facing eviction.Housing activists who have long been critical of Facebook and its role in accelerating income inequality in the region said the investment marked an "unprecedented" collaboration between Silicon Valley corporations and advocacy groups and that the project could push neighboring tech companies to better address local poverty.
. read more from here
Facebook commits $20 million for affordable housing, economic opportunity and tenant assistance
this image is quoting of "mercurynews" site
- Facebook, like other Silicon Valley tech firms, has a complicated relationship with low-income residents who fear job growth sparked by the tech industry is driving up housing prices and rents.Now, the Menlo Park tech firm wants to friend some of its most vocal critics by committing $20 million over five years for affordable housing, job training and assistance for tenants at risk of losing their homes.The unusual contribution is the largest it has committed to alleviate the housing crisis, a problem that has long pitted the tech elite against the region's poorest residents.
. read more from here
Facebook invests major moola in affordable housing
this image is quoting of "cnet" site
- Photo by Christopher Furlong/GettyIf you know anything about housing in the San Francisco Bay Area, you know it's crazy expensive.Single-family homes in Google and Apple's backyard that 40 years ago cost $30,000 now go for close to $1 million.Facebook, which is located smack dab of Silicon Valley's housing mess, wants to do its part.
. read more from here
to read more visit us Facebook
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