Apple Commits $2.5 Billion For Affordable Housing In California, Only $50 Million For Homeless

Apple is committing $2.5 billion in funding for affordable housing in California in partnership with the state government and California governor Gavin Newsom. $2 billion of it is repayable investments that, when repaid, will be re-invested in unspecified “future projects.”

Only $50 million is going directly to initiatives directly impacting currently homeless people in the state. About 130,000 people are currently homeless in California.

Get the full story in my post on Forbes …

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John Koetsier