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

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

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 ...

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