Google will give $ 1 billion to build affordable housing in Silicon Valley - ForumDaily
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Google will give $ 1 billion to build affordable housing in Silicon Valley

Google will give 1 a billion dollars to build houses for middle-income and low-income people in the San Francisco Bay Area. Over the next 10 years, the company plans to sponsor the construction of about 20 thousands of homes in the region, reports CBS News.

Фото: Depositphotos

Google, like other IT giants, has repeatedly come across criticism due to the fact that technological growth has led to a substantial increase in prices for housing in the San Francisco Bay area, which is why people with low and average incomes are forced to leave Silicon Valley.

To help solve the housing problem, Google plans to donate land belonging to the company, worth at least $ 750 million, on which they planned to build offices and commercial premises. 15 is planning to build thousands of homes in this area, said Google CEO Sundara Pichai.

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The technology giant will also create an investment fund of $ 250 million to encourage other companies to build additional 5 thousands of affordable homes.

«Мы надеемся, что это сыграет значительную роль в решении проблемы хронической нехватки доступного жилья для жителей со средним и низким уровнем дохода», — подчеркнул Пичаи.

Google has joined other technology companies that have promised to help create more affordable housing in Silicon Valley, where housing prices are skyrocketing as the technology sector grows. Facebook CEO Mark Zuckerberg, with a number of other local companies in January 2019, announced plans to raise $ 500 million to help deal with the housing crisis in the bay area.

Google может легко позволить себе выделить 1 миллиард долларов для постройки жилья — по состоянию на 31 марта 2019 года денежный оборот компании (в том числе стоимость ценных бумаг) составил $113 миллиардов.

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Experts have long criticized technology companies in Silicon Valley for the rise in real estate prices, contributing to the housing crisis. Average housing prices in San Francisco have grown by 45%, from $ 936 thousand to almost $ 1,4 million, in the last five years alone. Meanwhile, about 7 thousands of people in San Francisco were homeless.

«В течение нескольких месяцев мы призывали Google взять на себя обязательства по решению проблемы отсутствия доступного жилья в нашем регионе, — заявил в своем заявлении мэр Сан-Хосе Сэм Ликкардо. — Мы с нетерпением ожидаем совместной работы с Google для обеспечения того, чтобы в скором времени в заливе появилось жилье по доступным ценам. Это позитивно скажется на жителях Сан-Хосе, испытывающим финансовые трудности из-за высокой арендной платы».

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Pichai said that Google will begin construction immediately. The company is already looking to free up land for housing in Mountain View (California), where Alphabet holding, which Google is part, is based and is actively negotiating with the authorities of Sunnyvale and San Jose (California) to do the same.

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