Google plans to invest $ 1bn in the Bay Area housing sector over the last five years . The move is designed to tackle the growing shortage of homes in the region, which many people have blamed on the rapid growth of the tech industry. Google.org will build 15,000 new homes, designed for a range of income levels, by repurposing $ $250m m of commercial real estate for residential purposes. To remedy this, and perhaps even partly as an act of conscience, Google has embarked on a billion-dollar charm offensive that will add thousands of new homes to the Bay Area over the next 10 years. The company will also invest 1bn in an incentive-based fund designed to encourage developers to build affordable housing.
Google plans to invest $ 1bn in the Bay Area housing sector over the last five years . The move is designed to tackle the growing shortage of homes in the region, which many people have blamed on the rapid growth of the tech industry. Google.org will build 15,000 new homes, designed for a range of income levels, by repurposing $ $250m m of commercial real estate for residential purposes. The company will also invest 1bn in an incentive-based fund designed to encourage developers to build affordable housing.