Apple Pledges $2.5 Billion USD to Ease California Housing Crisis

Apple has announced a $2.5 billion USD comprehensive plan to address the housing availability and affordability crisis in California, joining other Big Tech companies "to address a problem that it helped cause." The plan will dedicate $1 billion USD towards an affordable housing investment fund and another $1 billion USD for first-time homebuyer mortgage assistance. The rest of Apple's commitment will go towards expanding new affordable housing production using Apple-owned land, creating a fund ...