Apple Committed $2.5 Billion to Build Affordable House and Thousands of Units Have Already been Built
Citing a profound civic responsibility in the tech-heavy city of San Jose, CEO of Apple Inc. Tim Cook created a corporate fund to advance affordable housing projects in the city four years ago.
Now, $1.5 billion has already been spent, and it’s resulted in the creation of thousands of housing units across the city and county, and more.
As one might expect from the world’s largest company by market cap and revenue, the funding has been targeted, strategic, and effective, thanks to a plan to plug critical gaps in existing housing projects or innovate when necessary.
Citing a profound civic responsibility in the tech-heavy city of San Jose, CEO of Apple Inc. Tim Cook created a corporate fund to advance affordable housing projects in the city four years ago.
Now, $1.5 billion has already been spent, and it’s resulted in the creation of thousands of housing units across the city and county, and more.
As one might expect from the world’s largest company by market cap and revenue, the funding has been targeted, strategic, and effective, thanks to a plan to plug critical gaps in existing housing projects or innovate when necessary.
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