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Facebook announces $1 billion investment package to bolster affordable housing

Original post made on Oct 24, 2019

Facebook, the social media behemoth based in Menlo Park, announced Tuesday that it plans to invest $1 billion over the next decade toward affordable housing in California and elsewhere, including some existing commitments.

Read the full story here Web Link posted Wednesday, October 23, 2019, 2:19 PM

Comments (2)

5 people like this
Posted by Jake
a resident of Sylvan Park
on Oct 24, 2019 at 7:38 am

Jake is a registered user.

This raises some serious questions: Why is Facebook proposing so little new housing for so many new jobs? Is Facebook going to use money gained from ads bought by the new rulers in Syria: Russia and Turkey? For the next American election, will Facebook continue to accept payments in Rubles? And from Turkey, will Facebook be accepting payments in cranberries?

2 people like this
Posted by Dan Waylonis
a resident of Jackson Park
on Oct 24, 2019 at 2:16 pm

Dan Waylonis is a registered user.

This sure seems like a shakedown of Facebook by Menlo Park. FB is already contributing to the area by employing and compensating employees that likely live in the area.

Perhaps if building restrictions and regulations were more permissive, the Bay Area could have even come close to meeting their ABAG RHNA numbers.

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