Facebook commits $1B to tackle affordable housing in California, other locations

California is in the midst of a serious housing crisis with ramifications that stretch across the state. In the Bay Area, the crisis is often at its most visible due to the presence of tech mega-corps and the influx of highly paid tech workers that have exacerbated the problem. It hasn’t been uncommon for some of these huge tech companies to take some responsibility for the issues and invest back into organizations seeking to promote affordable housing. In Seattle, Microsoft and Amazon have announced initiatives. In the Bay Area, Google recently announced a $1 billion 10-year-plan and now Facebook is doing the same.

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