Google invests US$1 billion to ease housing shortage near California HQ

By Paresh Dave and Arjun Panchadar on Jun 19, 2019 6:35AM

Google invests US$1 billion to ease housing shortage near California HQ

Will set aside US$750 million in land and US$250 million in financing to spur developers.

Alphabet Inc's Google announced on Tuesday it would set aside US$750 million in land and US$250 million in financing to spur developers in the San Francisco Bay Area to build at least 20,000 homes and rehabilitate other housing over the next decade. Google, which told Reuters it has 45,000 ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now

Already have an account? Log in to read this article.

Got a news tip for our journalists? Share it with us anonymously here.

© 2019 Thomson Reuters. Click for Restrictions.

Tags:

alphabet cloud finance google hardware storage

Partner Content

Security: Understanding the fundamentals of governance, risk & compliance

Promoted Content Security: Understanding the fundamentals of governance, risk & compliance

The Great Resignation has intensified insider security threats

Promoted Content The Great Resignation has intensified insider security threats

How to turn digital complexity into competitive advantage

Promoted Content How to turn digital complexity into competitive advantage

Accenture and Google Cloud team up to create a loveable, Australian-first, renewable energy product

Promoted Content Accenture and Google Cloud team up to create a loveable, Australian-first, renewable energy product

Sponsored Whitepapers

Extracting the value of data using Unified Observability

Extracting the value of data using Unified Observability

Planning before the breach: You can’t protect what you can’t see

Planning before the breach: You can’t protect what you can’t see

Beyond FTP: Securing and Managing File Transfers

Beyond FTP: Securing and Managing File Transfers

NextGen Security Operations: A Roadmap for the Future

NextGen Security Operations: A Roadmap for the Future

Video: Watch Juniper talk about its Aston Martin partnership

Video: Watch Juniper talk about its Aston Martin partnership

Events

Most Read Articles

Qantas calls time on IBM, Fujitsu in tech modernisation

Qantas calls time on IBM, Fujitsu in tech modernisation

Service NSW hits digital services goal two years early

Service NSW hits digital services goal two years early

SA Police ignores Adelaide council plea for facial recognition ban on CCTV

SA Police ignores Adelaide council plea for facial recognition ban on CCTV

NBN Co says TPG tie-up could help Telstra sidestep spectrum limits

NBN Co says TPG tie-up could help Telstra sidestep spectrum limits

Digital Nation

COVER STORY: Operationalising net zero through the power of IoT

COVER STORY: Operationalising net zero through the power of IoT

IBM global chief data officer on the rise of the number crunchers

IBM global chief data officer on the rise of the number crunchers

The security threat of quantum computing

The security threat of quantum computing

Integrity, ethics and board decisions in the digital age

Integrity, ethics and board decisions in the digital age

Crypto experts optimistic about future of Bitcoin: Block

Crypto experts optimistic about future of Bitcoin: Block