Apple backs $50 million fund to support Bay Area affordable housing

Quick Summary:

Apple is partnering with the philanthropic arm of real estate firm Sobrato and two other California-based groups to launch a fund with an initial investment of $50 million to support affordable housing projects in the San Francisco Bay Area.

It will initially support four projects in the greater San Francisco Bay Area, creating more than 400 homes within the next two years.

FILE PHOTO: The Apple Inc.logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: 2019 Tech Sobrato Apple Fund Other Area Support Francisco Housing Affordable

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-17 @ 20:23:53 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 285 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 21664921

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 38 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 4 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #27

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