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Apple commits billions to fix housing crisis it helped cause

Jack Nicas, Kevin Granville and Conor Dougherty
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San Francisco | Apple has announced a $US2.5 billion ($3.63 billion) plan to help ease the housing crisis in California, becoming the latest tech giant in the state to address a problem that it helped cause.

The plan includes a $US1 billion investment fund for affordable housing and another $US1 billion to help first-time homebuyers find mortgages.

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    Original URL: https://www.afr.com/property/residential/apple-commits-billions-to-fix-housing-crisis-it-helped-cause-20191105-p537l0