Apple commits $2.5 billion to combat housing crisis in California

Apple also said it would make available land it owns in San Jose worth some $ 300 million for homes.

Apple said Monday it would commit $ 2.5 billion over the next two years to help address the shortage of affordable housing in California and reduce homelessness.
 

The move by Apple follows similar initiatives from Silicon Valley peers Google and Facebook, which each have pledged $ 1 billion for housing programmes.
 

IFrame"Before the world knew the name Silicon Valley, and long before we carried technology in our pockets, Apple called this region home, and we feel a profound civic responsibility to ensure it remains a vibrant place where people can live, have a family and contribute to the community," said